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South Korea to erase the debts of 1.6 MILLION low income individuals

December 1st, 2017
Categories: Past News

Link: http://govtslaves.info/2017/12/south-korea-erase-debts-1-6-million-low-income-individuals/

South Korea is to write-off the debts of as many as 1.6 million people in a move designed to ease the financial burden on low-income individuals.

The scheme is open to certain Koreans who have struggled to repay debts of less than 10m won ($9,128; £6,826).

Eligible people can apply to the government for debt relief from next February.

They will be paid in part out of the government’s “National Happiness Fund”, set up to help troubled borrowers.

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