Rush & Cash

OK Financial Corp.
Company type
Private
IndustryFinance/Private loans
Founded1998 (1998)
HeadquartersSeoul, South Korea
Area served
Japan, South Korea, China
Key people
Yoon Choi (Chairman, President and CEO)
BrandsRush & Cash
Number of employees
1,600 (2013)
SubsidiariesOK Savings Bank, Apro Capital, onecashing
Websitewww.okfngroup.com

Rush & Cash is the representative private loan brand of Korea, by A&P Financial. It was originated from seven private lenders including A&O International Co. Ltd. which was founded by a major private lender in Japan in July 1998.

In Sep 2003 the Japanese parent company applied for eligibility to be subject to Company Rehabilitation Act, and the seven companies were put on the market through an open bidding. In March 2004, a third-generation Korean Japanese, Yoon Choi, acquired the companies.[1]

A new brand Rush & Cash was launched In May 2004 in Japan and the seven companies were incorporated into one group in August 2007. The company name was changed to A&P Financial in January 2008, by taking the initials each from "Ace" meaning the top and "Professional"; the joined name "APRO" sounds like "future" or "advance" in Korean. Based on this idea, the name of the Group was christened as APRO Financial Group.

Through a series of acquisition and foundation since 2009, the Group now has eight subsidiaries under its umbrella. As of 2012, it firmly remains its formidable top position in private loan industry in Korea.

See also

References

  1. ^ Seung-woo, Kang (20 December 2011). "Rush and Cash to be suspended". The Korea Times. Retrieved 22 August 2013.


Stub icon

This Asian bank-related article is a stub. You can help Wikipedia by adding missing information.

Stub icon

This article about a South Korean company is a stub. You can help Wikipedia by adding missing information.

Content Disclaimer

Informasi ini disarikan dari Wikipedia dan disajikan kembali untuk tujuan edukasi. Konten tersedia di bawah lisensi CC BY-SA 3.0. Kami tidak bertanggung jawab atas ketidakakuratan data yang bersumber dari kontribusi publik tersebut.

  1. The information displayed on this website is sourced in part or in whole from Wikipedia and has been adapted for the purpose of restating it. We strive to provide accurate and relevant information, however:
  2. There is no guarantee of absolute accuracy. Wikipedia is an open, collaborative project that can be edited by anyone, so information is subject to change.
  3. It is not intended to constitute professional advice. The content displayed is for informational and educational purposes only. For important decisions (e.g., medical, legal, or financial), please consult a professional.
  4. Content copyright. Wikipedia is licensed under the Creative Commons Attribution-ShareAlike License (CC BY-SA). This means that content may be reused with appropriate attribution and shared under a similar license.
  5. Responsible use. Any risk arising from the use of information from this website is entirely the responsibility of the user.