As the government leads debt forgiveness programs to help vulnerable groups get back on their feet, the financial health of the public institutions shouldering this burden is deteriorating. According to a Seoul Economic Daily report on the 12th, the Korea Asset Management Corp. (KAMCO) posted losses of approximately 1.4 trillion won last year on the New Start Fund alone, a debt restructuring program for small business owners and the self-employed. KAMCO invested 2.4 trillion won in the New Start Fund, but as the number of self-employed borrowers unable to repay their debts grew, the market value shrank…
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