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※ This video was produced in 2012 and may differ from the current situation. ■ People weighed down by debt. Every day is a struggle for them. Since the system was implemented in 2002, the number of applicants for "Personal Workout"—those seeking help to adjust interest rates and repayment periods because they find it difficult to repay—has exceeded one million. Some criticize them, claiming they have fallen into moral hazard by borrowing money when they lack the ability to repay. Is that really the case? Did the financial institutions that lent them properly assess their ability to repay before lending the money? We began our investigation with these questions. The reporting team conducted on-site coverage to investigate how people buried in debt became entangled in the chains of debt, as well as the reckless lending practices of the secondary financial sector and the deceptive lending practices of the private loan market. Furthermore, we examine measures to eradicate so-called predatory lending practices, which involve lending money at high interest rates to those with limited ability to repay and then seizing their remaining assets. ** ※ This video is [Current Affairs Planning Window - Loans, Loans, Loans... Whispers of Destruction] aired on February 21, 2012. #Loans #Destruction #Repetition This is the official KBS Documentary channel. We will deliver documentaries that resonate with the world. Copyright ⓒ KBS. All rights reserved. Unauthorized reproduction, redistribution, and use (including AI training) are prohibited. 📝 [email protected] 📞 02-781-1000 ✔KBS Documentary | KBS Official YouTube Channel Copyright ⓒ KBS. All rights reserved. Unauthorized reproduction, redistribution, and use (including AI training) are prohibited. 📝 [email protected] 📞 +82-2-781-1000 🏢 Seoul, Republic of Korea (South Korea) ∙The current situation and content may differ slightly depending on the time of broadcast. ∙ The operator may delete slanderous or malicious comments to protect the performers.
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