Yoon: "Illegal Debt Collection is a Malicious Crime... Must Mobilize All Investigative Resources to Eradicate It"

President Yoon Suk-yeol is speaking at the 'Emergency Economic and Security Review Meeting in Response to Changes in External Conditions' held at the Presidential Office in Yongsan, Seoul, on the 10th. Photo by Yonhap News.

President Yoon Suk-yeol said on the 12th, "Illegal debt collection activities are malicious crimes that destroy the lives of ordinary people," and added, "We will eradicate them."

On the same day, President Yoon expressed his anger after hearing news about a single mother in her 30s who, tormented by loan sharks, made a tragic choice leaving her young daughter behind, according to a written briefing by Jeong Hye-jeon, spokesperson for the Presidential Office.

President Yoon ordered, "The prosecution and police must mobilize all investigative capabilities to eradicate illegal debt collection, and financial authorities should thoroughly review policies supporting financial aid for ordinary citizens to prevent them from falling into the traps of illegal private loans."

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