Contact Information of Acquaintances and Nude Photos Used for 'Illegal Debt Collection'... Legal Support for Two Illegal Loan Cases

"Continued Support for 10 Invalid Lawsuits Within the Year"

# Mr. D, a male victim in his 30s, borrowed 200,000 won from the illegal lending company D through KakaoTalk, providing not only an IOU but also contact information of family, workplace, acquaintances, and Instagram accounts of relatives and acquaintances. When repayment was delayed, the illegal lender contacted a wide range of people including family, workplace, and his children's teachers to spread the fact of the loan, while tagging the victim on social networking services (SNS) and posting the IOU and nude photos obtained at the time of the loan contract, severely damaging the victim's social credit.

On the 6th, the Financial Supervisory Service (FSS) announced that it has selected two cases of malicious illegal loan contracts involving acquaintance collection and sexual exploitation collection, which must be eradicated socially, and has begun supporting invalidation lawsuits in cooperation with the Korea Legal Aid Corporation.

The victims in these lawsuit support cases suffered damages such as acquaintance collection and sexual exploitation collection after providing contact information of acquaintances and nude photos during the process of borrowing money for urgent living expenses. The FSS plans to actively support the invalidation of antisocial contracts and compensation for damages. If the loan contracts are invalidated, victims will be able to recover the principal and interest paid so far, enabling substantial relief for financial and psychological damages.

Hong Seok-rin, Director of the FSS, stated, "If the loan contract is invalidated under Article 103 of the Civil Act through litigation, victims will be able to recover not only interest exceeding the statutory rate but also the principal paid so far, providing substantial relief for the financial and psychological damages caused by antisocial illegal loan contracts." He added, "Even if the invalidation of the loan contract is not recognized, the return of excess interest payments and claims for damages will be pursued simultaneously, which is expected to have an effect equivalent to contract invalidation."

Going forward, the FSS plans to actively participate in all stages such as ‘reporting, tip-offs, strengthened crackdowns and punishments, recovery of criminal proceeds, victim relief, and prevention’ centered on the government-wide task force (TF) for eradicating illegal private financing, and will respond with full force to eliminate illegal private financing.

Director Hong said, "Through the operation of the Illegal Private Financing Damage Reporting Center, we will collect various damage cases and actively discover illegal loan contracts with high invalidation potential, continuously supporting victim invalidation lawsuits (10 cases within this year)." He added, "We hope victims suffering from illegal private financing will have the courage to actively utilize victim relief systems such as illegal private financing damage reporting, counseling, and support projects for invalidation lawsuits of antisocial illegal loan contracts."

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