Controversy over the adverse effects of debt relief
Reversal of interest rates for low and medium creditors
Inbang risk burden increased
Criticism has been raised that the government’s recent debt adjustment and debt cancellation policies targeting long-term delinquent debtors and vulnerable groups are causing side effects such as the expansion of the size of mid- and low-credit people, rising delinquency rates, and undermining the credit market order. It is pointed out that the government aims to help the vulnerable make an economic comeback, but more and more people are exploiting it to delay the performance of their debts, and the risks of financial…