Gov’t launches $599 mn long-term debt relief program
사진 확대 (Yonhap) The South Korean government launched its new long-term debt relief program, the Bad Bank (New Leap Fund), on Wednesday, with 840 billion won ($599 million) in funding. Through this initiative, about 1.13 million debtors are expected to have a total of 16.4 trillion won in debt written off. The Financial Services Commission…

