Korea Business News Agency - NSP NEWS AGENCY.

(서울=NSP통신) soon ki Lee Journali = It was revealed that Japanese funds released into Korea’s low-income financial markets, such as savings banks and the loan industry, exceeded 17 trillion won,

In response, financial authorities say that Japanese financial institutions are not likely to recall, and that even if they do, there is no problem as there is not much supply of loans.

According to the current status of Japanese financial companies’ loans submitted by the Financial Supervisory Service(henceforth, FSS) to the offices of Liberty Korea Party lawmaker Kim Jong-seok and the People's Party lawmaker Kim Jong-hoon on July 28, 2019, domestic lending by Japanese savings banks and lenders amounted to 17.4102 trillion won as of the end of last year.

It means that Japanese financial companies account for 22.7 percent of the total loans of 76.5468 trillion won of savings banks and lenders at the same time.

Currently, according to the Financial Supervisory Service(FSS) figures, four out of a total of 79 savings banks and 19 out of a total of 8,310 lenders are Japanese.

As of March, Japanese savings banks had 11 trillion won in loans, 18.5 percent of the total 59.6 trillion won (59.6 trillion won), and Japanese lenders had 6.7 trillion won in loans as of the end of 2018, accounting for 38.5 percent of the entire 17.3 trillion won.

Japanese funds account for 1.2% of domestic banks’ loans, but savings banks and lenders rely more on Japanese funds than first-tier banks, raising concerns over Japan's financial retaliation.

NSP News Agency soon ki Lee Journalist s8789@nspna.com
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