“I never thought I could qualify for basic livelihood security. Thanks to the Credit Counseling and Recovery Service (CCRS), I was finally able to start treatment I had been unable to receive,” said A, 56, who previously ran a food ingredients distribution business, in an interview with Seoul Economic Daily on Wednesday.
A lost his job after seriously injuring his right arm in an accident in 2024. As lingering effects forced him to take an extended break from work, hospital bills and living expenses piled up, and his debt swelled to 60 million won.
A visited the CCRS in December last year to seek debt restructuring. During the consultation,…