• Kyodo

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The Resolution and Collection Corp. filed a damages suit Friday with the Kobe District Court against four men, including two former executives of two failed pro-Pyongyang credit cooperatives, for allegedly extending illegal loans.

The suit was lodged against Song Han Gyong, former president of the defunct Chogin Kinki Credit Cooperative; So Kyong Sik, former president of defunct Chogin Hyogo Credit Cooperative; and Lee Jong Ho and Lee Bom Rak, former chairmen of the Korean credit union association, which oversaw Chogin credit cooperatives in Japan.

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