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Starting tomorrow, all debts under 5 million won will be exempted for basic welfare recipients.

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Tailored support for vulnerable groups such as ordinary people
Vulnerable to long-term delinquency
Vulnerable to short-term delinquency
Target delinquency of more than 1 year & debt principal of 5 million won or less
Target 30 days overdue
below
Basic debt collector, severely disabled person
Basic beneficiaries, severely disabled people (or more)
Details: After repayment grace period (years)
Up to 15% reduction in principal
Principal amount if repayment ability is not improved
10096 reduction
(Debt exemption for small vulnerable debtors_Newly established)
Young people who repay faithfully
9 Successful employment
Target: Young people who are completing Individual Week Out All
Completion of the employment support system while unemployed
Debt adjustment users who succeeded in getting a job after
detail
Repayment over 1 year
Upon completion of payment
Details Apply the lowest interest rate (3.259) for advance debt adjustment
Principal amount reduced by 2096
Personal Weekout | When paid in full after repayment for more than a year
principal
20% discount

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