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finance company
Established an inter-provincial debt collection company and then extorted more than 300 billion VND
Spending 110 billion VND to buy nearly 3,250 billion VND of bad debt from 13 financial companies and credit institutions, Binh and Viet directed employees to collect debt by extortion of more than 300 billion VND.
Nearly $123 million embezzled by employees of Korean financial companies
According to the Korean Financial Supervisory Service, nearly 168 employees of Korean banks and financial companies embezzled about 180 billion won (more than 122.21 million USD) over the past 6 years, from 2018-2023.
Why are many foreign financial companies' profits "plummeting" or making big losses?
In the context of increasing bad debt, many financial companies' profits in 2023 will decrease sharply or suffer large losses, including financial companies with foreign capital dominance.
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