Woman found dead in motel had taken out 'gift card' loans charging over 2,000% interest

A woman in her 30s was found dead at a motel in eastern Seoul after reportedly struggling with debt linked to high-interest loans disguised as gift card transactions, police said Monday. The woman was found on May 1 after staff at the motel in Dongdaemun-gu reported that she had not checked out after her scheduled departure time, according to the Dongdaemun Police Station. Police found that the woman had used so-called gift card loans for about a month before her death as she struggled to cover

By The Korea Herald