The government will unveil details of a debt restructuring program as rising interest rates add pressure on pandemic-era borrowers.
Korea will offer a debt relief program for small business owners hit by the Covid-19 pandemic to help improve their financial health, the Finance Ministry said Friday, amid concerns that they could face heavier debt-servicing burdens following recent rate hikes.
Minister of Finance and Economy Koo Yun-cheol announced the measures during a meeting with relevant ministers, after the Bank of Korea (BOK) raised its…