Government Recovers 181.5 Billion Won in Public Funds in Q1, Recovery Rate at 72.1%

The government's public fund recovery rate saw a slight increase in the first quarter of this year.

The Financial Services Commission announced that the cumulative public fund recovery rate for the first quarter of this year was 72.1%, a slight rise compared to the 72.0% recorded in the previous quarter.

The amount of public funds recovered in the first quarter was 181.5 billion won. This amount was recovered by selling 6.98 million shares, out of the 65.53 million shares held by the Korea Deposit Insurance Corporation (Deposit Insurance Fund Bond Redemption Fund), at the offering price of 26,000 won per share during Seoul Guarantee Insurance's listing on the Korea Exchange.

The government, the Korea Deposit Insurance Corporation, and other related agencies emphasized that they will continue to make efforts to ensure the smooth repayment of public funds through efficient management and smooth disposal of assets such as shares in financial companies.