Profit-mak­ing pri­vate lenders dou­ble

The Korea Times - - FINANCE -

The num­ber of prof­itable pri­vate lenders and the com­bined amount of their profit jumped sig­nif­i­cantly over the past five years, a govern­ment re­port showed Wed­nes­day, de­spite var­i­ous mea­sures to curb house­hold debt.

In 2018, the num­ber of pri­vate lenders that paid cor­po­rate tax came to 1,423, up 80.6 per­cent from 788 in 2013, ac­cord­ing to the re­port from the Na­tional Tax Ser­vice sub­mit­ted to the Na­tional Assem­bly Fi­nance Com­mit­tee dur­ing an au­dit of govern­ment agen­cies.

The re­port said the num­ber has been on a steady in­crease since breach­ing the 1,000 mark in 2016.

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