S. Korea To Launch Debt Restructuring Scheme For Individuals In Oct.

SEOUL, July 11 (Korea Bizwire) — The government will launch a debt restructuring scheme for individuals in October as part of efforts to reduce or ease their payment burdens, the country’s financial regulator said Friday. The so-called bad bank, a debt restructuring vehicle, will be sized at 800 billion won (US$581 million), around half of [...]