Politics
S. Korea retrieves 73 pct of bailout funds since 1997 financial crisis
SEOUL, July 21 (Yonhap) -- The government has retrieved 73 percent of the public funds used to bail out troubled financial firms since the 1997-1998 Asian financial crisis, the financial regulator said Tuesday.
- SEOUL, July 21 (Yonhap) -- The government has retrieved 73 percent of the public.
- As of end-June, the government has been paid back 72.9 percent, or 123 trillion won (US$83.3 billion), of the 168.7 trillion won in bailout funds, according to the Financial Services Commission (FSC).
- During the second quarter of the year alone, some 590 billion won was recovered.
The reading marks a 0.3 percentage-point rise from three months earlier, the data showed. During the second quarter of the year alone, some 590 billion won was recovered.
Your reaction
Pick up to 3 emojis — percentages show reader sentiment.
- 10%
- 10%
- 10%
- 10%
- 10%
- 10%
- 10%
- 10%
- 10%
- 10%
Based on reporting by Yonhap
Most read in this category
Politics
Start of the Nijmegen Four Days Marches • Lebanese president in the US
Politics
Lebanese return to ‘pilot zone’ villages they say Israel never occupied
Politics
UK Prime Minister Andy Burnham unveils new government, replacing Starmer era
Politics
Protests continue for fifth consecutive day in Kyiv and other cities
Politics
Gov't, ruling party agree to strategically reinvest fund into youth, regional development
Politics
Erdogan and Trump: What are the dynamics shaping the close relationship?
Politics
Lee vows diverse measures to stabilize property market
Politics