Lee Jae-myung Advocates Proactive Fiscal Policy, Criticizes Financial Sector

Lee slams 'predatory' act of financial institutions

President Lee Jae Myung on Tuesday slammed a bad bank in South Korea for their "predatory" act of collecting borrowers' debts that are long overdue. Quoting a news report about a low-income earner's struggle in repaying debts and interests to a South Korean bad bank named "Sangnoksu" on his X account, Lee said that the institution had crossed the line by failing to participate in the government-led debt relief program. Instead, the bad bank, jointly owned by South Korean banks and credit card co

By The Korea Herald