Public Fund Recovery Rate at 72.9%... 590.1 Billion Won Retrieved in Q2

Financial Services Commission Announces Status of Public Fund Management in Q2

The amount of public funds recovered, which were raised for handling insolvent financial institutions during the 1997 International Monetary Fund (IMF) foreign exchange crisis, reached 590.1 billion won in the second quarter of this year.

According to the ‘Status of Public Fund Management in Q2 2026’ released by the Financial Services Commission on July 21, the government and other entities have injected a total of 168.7 trillion won from November 1997 to the end of June 2026, and have recovered 123 trillion won, which corresponds to a recovery rate of 72.9%. This cumulative recovery rate of 72.9% marks a 0.4 percentage point increase from the end of the previous year.

The recovery amount for the second quarter of this year is 590.1 billion won. Of this, 560.1 billion won came from dividends on shares held by the Korea Deposit Insurance Corporation and the government as part of the restructuring process for financial companies. Seoul Guarantee Insurance paid 159.1 billion won in dividends, IBK Industrial Bank of Korea paid 168.1 billion won, Korea Development Bank paid 163.3 billion won, and Export-Import Bank of Korea paid 69.6 billion won in dividends. In addition, 30.0 billion won, representing interest income from loans provided to the former Resolution and Finance Corporation (now KR&C), was also reflected in the total recovered amount.

An official from the Financial Services Commission stated, “Going forward, the government, Korea Deposit Insurance Corporation, and related organizations will make continuous efforts to ensure smooth redemption of public funds through efficient management and timely divestment of assets such as financial company equity stakes.”

This content was produced with the assistance of AI translation services.