Debt Relief Consulting Fees of 4 Million Won Draw Regulator's Attention

Kim Eun-kyung (right), chairwoman of the Credit Counseling and Recovery Service, and Lee Kang-cheon, president of the Korea Association of Certified Judicial Scriveners, pose for a photo on the 8th after signing a memorandum of understanding on a cooperative framework to support users of debt restructuring programs at the association’s headquarters in Seocho-gu, Seoul. Credit Counseling and Recovery Service

High-priced consulting services targeting financially distressed borrowers are spreading among parts of the legal profession as an economic slowdown and high interest rates leave more people unable to repay their debts on time. In response, the Credit Counseling and Recovery Service has asked industry associations to help ensure that…

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Debt Relief Consulting Fees of 4 Million Won Draw Regulator’s Attention

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