With the government and the ruling party pushing for the establishment of a debt relief “bad bank,” ..

With the government and the ruling party pushing for the establishment of a debt relief “bad bank,” a revision to the law is expected to be proposed as early as next month to review borrowers’ repayment capabilities collectively. The core of the amendment is to allow the collection of income and property information without the consent of the debtor.

According to the National Assembly on the 27th, Rep. Yoo Dong-soo of the Democratic Party of Korea is…