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Debt Relief Centered on Variable to Fixed Rate Loan Conversion Service

Debt Relief Centered on Variable to Fixed Rate Loan Conversion Service

SEOUL, March 23 (Korea Bizwire) — A special financial service that converts a variable rate loan into a fixed rate loan will be launched by 16 Korean banks on March 24, as part of the Korean government’s efforts to mitigate household debt. However, each branch is expected to offer the service to an average of only [...]