Individuals Undergoing Personal Rehabilitation and Bankruptcy Attending Credit Education in Court More Than Double in One Year

[Asia Economy Reporter Song Seung-seop] The number of individuals required to undergo credit education conducted by the Credit Recovery Committee in connection with the courts more than doubled in the past year.

According to the Credit Recovery Committee on the 22nd, as of the end of December last year, 35,487 individuals undergoing personal rehabilitation or bankruptcy attended court-linked credit education. This represents a 2.3-fold increase compared to 2020.

The Credit Recovery Committee conducts credit education in collaboration with nine courts nationwide, including the Seoul Rehabilitation Court.

In a survey conducted among those who completed the education six months prior, 88.5% of 1,258 respondents answered that the education helped improve their financial knowledge. Additionally, 89.4% responded that their attitude toward finance positively changed after attending the education.

Lee Jae-yeon, Chairman of the Credit Recovery Committee, stated, “To ensure effective education, we will strengthen customer-centered customized education and closely cooperate with related organizations to expand it to courts nationwide.”

This content was produced with the assistance of AI translation services.