President Moon: "Actively Seek Debt Adjustment for Young Multiple Debt Defaulters"
Blue House Staff Meeting's 'COVID-19' Measures Directive... "Helps Establish a Foundation for Youth Recovery"
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[Asia Economy Reporter Ryu Jeong-min] On the 21st, President Moon Jae-in instructed to actively seek an integrated debt adjustment plan in response to the increase in young multiple debt defaulters amid the COVID-19 situation.
Park Kyung-mi, the Blue House spokesperson, stated that "At this morning's staff meeting, President Moon Jae-in addressed the phenomenon of increasing 'multiple debtors' who hold both student loans and financial institution loans due to the worsening youth employment crisis caused by COVID-19, and said, 'To help establish a foundation for the youth to recover, actively seek an integrated debt adjustment plan targeting young multiple debt defaulters.'"
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Additionally, Spokesperson Park conveyed that "(President Moon) said, 'Ensure that the debt adjustment agreement between the Korea Student Aid Foundation, which handles student loan debt adjustments, and the Credit Counseling & Recovery Service, which handles financial institution loan debt adjustments, is promptly promoted.'"
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