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South Korea Personal Debt Issues

A bustling street in Sangju, South Korea, on June 25, 2025, where the number of visitors decreases due to the economic downturn. The Korean government's plan to eliminate long-overdue personal debts of up to 50 million won ($36,672) sparks growing controversy over fairness in the policy's application. Because the cap applies per loan rather than per borrower, individuals with multiple qualifying debts could see amounts exceeding 50 million won fully forgiven. (Photo by Seung-il Ryu/NurPhoto)

Photo Details

Photo ID	#12503447
Date Taken	25 June 2025
Location	N/A
Photographer	Seung-il Ryu/NurPhoto
Category	Economy, Business and Finance
Copyright	© 2025 NurPhoto - Seung-il Ryu/NurPhoto

Related Keywords

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