“Apart from debt relief through bad banks, banks should also actively adjust their own debts.”
Je Yoon-kyung (former lawmaker), a special adviser for the people’s livelihoods of the National Assembly speaker known as a “common people’s finance expert,” met with the Mail Business on the 16th and stressed that private banks’ debt adjustments should be expanded along with government-led debt cancellation. In other words, it is important for banks to adjust their debts before long-term arrears occur, reducing the number of debt relief recipients themselves. He served as a director at Jubilee Bank, which was launched in 2015 when President Lee Jae-myung was the mayor of…
