Yuanta Financial Holdings Co. Ltd. unit Yuanta Securities Korea Co. Ltd. divested 54.6 billion South Korean won worth of nonperforming loans to Sang Ji Global.
The company expects a net profit of 12.08 billion won from the transaction, according to a Feb. 23 release.
As of Feb. 23, US$1 was equivalent to 1,077.56 South Korean won.
