South Korea · General

Some 3 tln won worth of loans extended by S. Korean banks unrecoverable in Q1

· By Kang Jae-eun
Story summary

SEOUL, May 3 (Yonhap) -- Some 3 trillion won (US$2 billion) worth of loans extended by South Korea's four major financial groups have been classified as "estimated loss" in the first quarter, financial sector data showed Sunday.

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