Korea recovers over 72 percent of Asian financial crisis bailout funds

The government has retrieved over 72 percent of the public funds used to bail out troubled financial firms since the 1997-1998 Asian financial crisis, the financial regulator said Tuesday.

As of end-December, the government has been paid back 72.5 percent, or 122.1 trillion won ($83.4 billion), of the 168.7 trillion won in bailout funds, according to the Financial Services Commission.

The reading marks a 0.5 percentage point rise from a year ago, the data showed.

Yonhap