Shinhyup Cleans up KRW 1 trillion in Non-performing Loans Shinhyup Central Association has formed a task force to deal with bad debt and has come up with a solution to sell non-performing loans worth KRW 1 trillion. In the second week of July, a subsidiary called KCU NPL will be formed to deal with bad debt, which is planned to receive a capital increase of KRW 100 billion. After the resolution of the subsidiary’s capital increase is approved by the Financial Services Commission, a capital increase of KRW 100 billion will be carried out, enabling the commencement of the KCU NPL business, and through this capital increase, the […]