The South Korean government has retrieved more than 70% of the bailout funds provided during the Asian financial crisis.

On January 23, Jinshi data reported that South Korea’s financial regulatory agency said on Thursday that by the end of December, the government had recovered 72% of the 168.7 trillion Korean won (approximately $116.9 billion) in rescue funds injected during the Asian financial crisis. Over the past year, the South Korean government has recovered 9.42 trillion Korean won in public funds by selling its stakes in companies such as Hanwha Marine.