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Credit-specialized Finance Companies’ Earnings, First Half 2020

September 28, 2020

As of end-June 2020, there were 110 credit-specialized financial companies (CSFCs) excluding credit card companies. The CSFCs’ aggregate assets came in at KRW171.2 trillion at the end of June 2020, up KRW18.6 trillion or 12.2% from the same period a year ago. Inherent business assets grew KRW6.1 trillion to KRW64.4 trillion as assets increased in every sector from facility leasing to installment financing and to venture capital business. Loan assets also increased KRW8.1 trillion to KRW79.8 trillion mainly due to the growth of business loans.