Credit Recovery Committee

Busan finance hub, power‑sector push, and commercial relief

6 clusters · 5 sources · last updated about 16 hours ago

Latest: Busan launches 10,000 won rent project for vacant shops

In early July 2026, Busan inaugurated South Korea’s first public‑private low‑income finance hub. The city has since expanded its economic and social welfare strategies through several targeted initiatives. To bolster the

South Korean debt and financial deficit escalation

3 clusters · 12 sources · last updated 3 days ago

Latest: South Korean public institutions face rising debt levels

South Korea is facing rising debt challenges across both individual and public sectors. In the first half of the year, nearly 100,000 individuals underwent debt adjustment programs, a figure that has increased by 56.1% o

Predatory financial and debt practices in South Korea

3 clusters · 9 sources · last updated 18 days ago

Latest: South Korea faces rising illegal private lending and voice phishing scams

Issues regarding predatory financial practices and debt management have emerged in South Korea. A South Korean court sentenced a moneylender, identified as Kim, to 3 years and 6 months in prison for operating an unregis