S. Korea recoups nearly 70 pct of bailout funds
All News
10:00 April 01, 2020
SEOUL, April 1 (Yonhap) -- South Korea has recouped 69.2 percent of the public funds it spent to bail out troubled financial and other firms since the 1997-1998 Asian financial crisis, the financial regulator said Wednesday.
South Korea retrieved 116.8 trillion won (US$96 billion) out of the 168.7 trillion won in state funds spent to salvage financially shaky firms from bankruptcy as of the end of December, according to the Financial Services Commission (FSC).
The recovery rate marks a slight rise from the 68.9 percent recorded at the end of 2018, the FSC said.
entropy@yna.co.kr
(END)
Keywords
Issue Keywords
Most Liked
-
S. Korea to resume issuing short-term travel visas, e-visas next month
-
Ateez to drop new Japanese EP next week
-
(2nd LD) BTS wins three Billboard Music Awards, marking 6th year to win an award
-
Crypto investor probed over allegedly visiting house of Terraform's CEO
-
(2nd LD) N. Korea still unresponsive to S. Korea's outreach for talks on COVID-19: official
Most Saved
-
S. Korea to resume issuing short-term travel visas, e-visas next month
-
(5th LD) Yoon, Biden agree to expand joint military exercises to cope with N.K. threats
-
(LEAD) Yoon, PPP lawmakers travel to Gwangju en masse to commemorate 1980 democracy uprising
-
(LEAD) At least 8 injured in S-Oil refinery explosion in Ulsan: firefighters
-
(LEAD) Biden set to arrive in S. Korea for first summit with Yoon
-
U.S. not considering adding S. Korea to Quad: official
-
Chinese people purchase nearly 7,000 buildings in S. Korea in 2021
-
Biden says he and Yoon 'married up'
-
(2nd LD) Yoon, Biden tout alliance during visit to Air Force operations center
-
First lady Kim to greet Biden before state dinner