More than 15% of borrowers whose delinquency records were erased under a government credit amnesty last year have fallen behind on payments again. Because governments elsewhere rarely set up separate funds to write off individual debts, analysts say financial companies should expand their own workout programs over the medium to long term.
The Lee Jae-myung administration has pursued aggressive debt relief measures in the financial sector during its first year and three months in office, according to financial industry sources on the 9th. On June 19 last year, just two weeks after taking office, the government created the New Leap Fund to…