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One-Third of the Financial Claims Against Jeon Dong-Shin Are Held by Institutions with Ties to the Korean Peninsula; South Korean Media Express Concerns About the Impact on Self-Employed Individuals of Korean Descent Living in Japan.
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A bankruptcy petition filed with the Osaka District Court by Jeon Dong-shin (Osaka City), a credit card payment processing company that has been ordered to commence bankruptcy proceedings, revealed that of its 113 billion yen in financial claims, more than one-third, or 38.8 billion yen, came from credit unions affiliated with Korean residents in Japan and banks in South Korea. The majority of these credit unions were affiliated with Korean resi…
·Japan
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