Korea Business News Agency - NSP NEWS AGENCY.

(Seoul=NSP NEWS AGENCY) = OK Financial Group has returned the money lending business license held by Apro Financial Loans(Rush & Cash), concluding its withdrawal from the lending business. OK Financial Group plans to become a comprehensive financial company by pursuing the acquisition of securities companies and asset management companies.

On the 19th, OK Financial Group said, “OK Financial Group has completed the withdrawal of the loan business about 1 year and 3 months earlier than originally promised to the financial authorities,” “OK Financial Group aims to leap into a comprehensive financial group with various financial affiliates by early withdrawing the loan business, which has been a realistic obstacle to mergers and acquisitions of new financial companies,” it said.

Accordingly, 735.1 billion won of normal receivables that could be sold among the loan receivables of Apro Financial Loans were transferred to OK Savings Bank, and the remaining loan receivables were sold to OK F&I. Customers who changed their affiliation to OK Savings Bank following the business transfer will now receive financial services and benefits as savings bank customers.

OK Financial Group plans to reorganize its business portfolio and emerge as a true comprehensive financial group. The company plans to expand its business scope by pursuing the acquisition of new financial companies such as securities companies and asset management companies in the future, including affiliates such as OK Capital, which focuses on corporate finance along with OK Savings Bank, and OK Invest Partners, which operates ‘OK Pay,’ a simple payment service.

By Soon-ki Lee(s8789@nspna.com) and Soo-in Kang(sink606@nspna.com)

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