Insolvency steps imminent for Kansai Kogin

Insolvency steps imminent for Kansai Kogin

OSAKA, Japan - Lee Chong Im (L), president of Kansai Kogin, an Osaka-based credit company serving mostly South Korean residents of Japan, speaks at a news conference in Osaka on Dec. 15 on the Financial Reconstruction Commission's decision to begin insolvency proceedings for the bank. Seated to his right is Vice President Park Chung Hong.

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