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Consumer financing firms in South Korea saw their combined net profit gain 5.7 percent in 2019 from a year earlier on the back of a robust gain in interest income, data showed Wednesday.
The combined net profit of 107 credit financial firms stood at 2.05 trillion won ($1.68 billion) in 2019, up 111.2 billion won from a year earlier, according to the data by the Financial Supervisory Service (FSS).
Their interest income rose 6.7 percent on-year to 5.66 trillion won in 2019, the data showed.
The combined assets of those firms climbed 12.7 percent on-year to 161.7 trillion won in 2019. (Yonhap)
