The debt ratio at Korea Asset Management Corporation (KAMCO), the state agency that writes off debts owed by small business owners, is expected to exceed 350% this year. As the Lee Jae-myung administration pushes to clear delinquent loans, KAMCO’s purchases and write-offs of non-performing loans have risen, putting the ratio about 110 percentage points above the target set last year.
KAMCO projected a debt ratio of 351.6% at the end of this year in its medium- to long-term financial management plan for 2026 through 2030, according to the office of Rep. Seo Il-joon of the People Power Party, a member of the National Assembly’s National Policy Committee, on the 8th. That marks a jump of 117.3 percentage points from last year and stands 116…