The consumer finance sector in Korea has over the past 12 months entered a period of stress. The economy has been hampered by global uncertainty and by corporate fraud. Non-performing loans are on the increase as Korean consumers find themselves overleveraged and their employment under threat. It doesn’t make good reading for the credit card companies and the consumer credit industry as they seek ways to finance the burden. However, one company stands out.
Samsung Capital is the most experienced capital-raising consumer finance company in the country.
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