SEOUL, KOREA - The Financial Services Commission said on August 29 that it has recovered a total of 107.3 trillion won of public funds disbursed after the 1997 Asian Currency Crisis as of the end of June this year. Given the total amount of the funds injected since November 1997 was 168.7 trillion won, the recovery ratio has been 63.6 percent. This is up 0.2 percentage point from the end of 2013. The public funds recovered for the past six months this year was 277.5 billion won, including 264.3 billion won during the second quarter.

 

In the second quarter, Seoul Guarantee Insurance Company and Jeju Bank has returned the public money of 80.3 billion won and 400 million won, respectively, in the form of dividend. Other incomes included 110.1 billion won in bankruptcy dividends and asset sell-off, 71.3 billion won in dividends on government-held shares, and 2.1 billion won in stock sales.

 

As for the structural adjustment fund created in response to the 2008 Global Financial Crisis, the recovery ratio has recorded 82 percent as of the end of the second quarter. The funds have been disbursed for four and a half years between June 2009 and the end of 2013 and 5,060 billion won has been collected out of 6,169.5 billion won.