Debt Forgiveness or Moral Hazard? Korea’s New Relief Fund Sparks Debate

Government Kicks Off “New Leap Fund” to Wipe Out Old Debts for Over 1 Million Borrowers SEOUL, Oct. 8 (Korea Bizwire) — The South Korean government has launched a new debt relief initiative aimed at helping long-term defaulters rebuild their financial lives, but officials face a key hurdle in securing cooperation from private lenders that [...]