Topic

Korean mutual finance

South Korea's cooperative deposit and credit sector, made up of community credit cooperatives, credit unions and agricultural and fisheries cooperatives, which operate under their own supervisory regime rather than the commercial banking one.

Current clusters

invest1 publisher

Rising required capital drove nine of the ten points off MG's insurance solvency ratio

The mutual insurance arm of the Korean Federation of Community Credit Cooperatives ended June at 173.96%, just under 24 points above the level regulators recommend. Required capital rose 5.3%, and securities are marked to a 111.1 billion won loss.

Publishers:en.sedaily.com

Reality

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