South Korea's bailout fund recovery rate marked 55.7 percent of the total amount spent for financial companies hit by the 1997-98 Asian financial crisis, the financial watchdog said on August 17.
According to the Financial Services Commission (FSC), the country's retrieval amount stood at 93.8 trillion won (75.13 billion U.S. dollars) of the total public funds worth 168.6 trillion won (135 billion U.S. dollars).
As of the end of June, the recovery rate inched up from 55.6 percent tallied the previous month, the watchdog said.
The South Korean government launched public funds in the wake of the 1997-1998 Asian Financial Crisis, injecting massive amounts of money into local financial system.
