Yonhap Infomax NewsJan 8
The Sae Do Yak Fund, South Korea’s “bad bank” for distressed loans, is progressing with major contributions from banks, while the insurance sector remains stalled due to internal disagreements over funding allocation.
#YonhapInfomax #SaeDoYakFund #BadBank #InsuranceSector #DebtRelief #FinancialContributions #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=99056
[Insurance Company Tidbits]Bad Bank Initiative Gains Momentum—Insurance Sector Lags on Contribution Agreement

The Sae Do Yak Fund, South Korea’s “bad bank” for distressed loans, is progressing with major contributions from banks, while the insurance sector remains stalled due to internal disagreements over funding allocation.

Yonhap Infomax
Yonhap Infomax NewsJan 1
South Korean banks have completed payment of KRW 360 billion ($275 million) to the Sae-Do-Yak Fund, covering over 80% of private sector contributions to support vulnerable groups and promote social integration.
#YonhapInfomax #SaeDoYakFund #KoreaFederationOfBanks #InclusiveFinance #DebtRestructuring #KRW360Billion #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=97972
Banks Complete Payment of KRW 360 Billion Contribution to Sae-Do-Yak Fund

South Korean banks have completed payment of KRW 360 billion ($275 million) to the Sae-Do-Yak Fund, covering over 80% of private sector contributions to support vulnerable groups and promote social integration.

Yonhap Infomax
Yonhap Infomax NewsDec 23
The Saedo Yak Fund has acquired an additional 1.47 trillion won ($1.24 billion) in long-term delinquent debt, expanding its program to include more lending firms and planning further purchases in 2025.
#YonhapInfomax #SaedoYakFund #DelinquentDebt #DebtAcquisition #LendingCompanies #DebtRestructuring #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=96781
Saedo Yak Fund to Acquire Additional 1.5 Trillion Won in Delinquent Debt—Expands Participation of Lending Firms

The Saedo Yak Fund has acquired an additional 1.47 trillion won ($1.24 billion) in long-term delinquent debt, expanding its program to include more lending firms and planning further purchases in 2025.

Yonhap Infomax