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69.6 Billion Won in Public Funds Recovered in Q3… Cumulative Recovery Rate 73.1%
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[Digital Daily Reporter Kim Nam-gyu] It has been revealed that 45.3 trillion won out of the 168.7 trillion won in public funds injected to resolve insolvent financial institutions since the 1997 Asian financial crisis remains unrecovered. As of the end of September this year, the cumulative amount recovered stood at 123.4 trillion won, recording a recovery rate of 73.1%. On the 27th, the Financial Services Commission announced the "Status of Pu…
Public funds established during the 1997 International Monetary Fund (IMF) foreign exchange crisis to resolve insolvent financial institutions amounted to 69.6 billion won, which was recovered in the third quarter of this year.
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