JAPANESE LOAN SHARKS DOMINATING KOREAN CONSUMER LOAN MARKET. (30-DEC-02) AsiaPulse News

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JAPANESE LOAN SHARKS DOMINATING KOREAN CONSUMER LOAN MARKET.

Publication: AsiaPulse News

Publication Date: 30-DEC-02

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SEOUL, Dec 30 Asia Pulse - Seven private Japanese moneylenders operating in Korea are almost monopolizing the Korean consumer loan market with their balance surpassing the 1-trillion won (US$832 million) mark, financial sources said today.

The loan sharks' loan scale, however, is causing concern because they are mostly poor in capital, ranging from 100...

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