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Calls Grow for Stricter Penalties as Illegal Debt Collection Practices Continue to Claim Victims

Calls Grow for Stricter Penalties as Illegal Debt Collection Practices Continue to Claim Victims

SEOUL, Nov. 25 (Korea Bizwire) – Following the recent suicide of a single mother in her 30s who was harassed by loan sharks, experts are calling for stronger enforcement of debt collection laws amid continuing reports of illegal collection practices. According to the Supreme Court’s Judicial Yearbook released November 24, only 13 cases (16.7%) out of [...]