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Yuanta Securities Korea sells 54.6B won of nonperforming loans

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.