Trapped by Debt: How Gambling and Illegal Loans Are Ensnaring South Korea’s Youth

SEOUL, April 27 (Korea Bizwire) —  For a man in his twenties, a single desperate loan marked the start of a brutal spiral. Borrowing 200,000 won with the promise to repay double just a week later, he soon found himself crushed by mounting debts. When relentless collectors showed up at his daughter’s kindergarten, he saw no [...]