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Consumer financing firms' 2019 net up 5.7 pct

Finance 06:00 April 29, 2020

SEOUL, April 29 (Yonhap) -- Consumer financing firms in South Korea saw their combined net profit gain 5.7 percent in 2019 from a year earlier on the back of a robust gain in interest income, data showed Wednesday.

The combined net profit of 107 credit financial firms stood at 2.05 trillion won (US$1.68 billion) in 2019, up 111.2 billion won from a year earlier, according to the data by the Financial Supervisory Service (FSS).

Their interest income rose 6.7 percent on-year to 5.66 trillion won in 2019, the data showed.

The combined assets of those firms climbed 12.7 percent on-year to 161.7 trillion won in 2019.

The Financial Supervisory Service in Yeouido, western Seoul (Yonhap)

entropy@yna.co.kr
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