[Photo] Launch of the New Leap Fund for Financially Vulnerable Groups

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On October 1, the launch ceremony for the "New Leap Fund" was held at the Press Center in Jung-gu, Seoul. Key guests, including Financial Services Commission Chairman Lee Eogwon (fourth from the right), participated in the plaque unveiling ceremony. The New Leap Fund is the name of the bad bank initiative under the Lee Jaemyung administration, aimed at debt relief for vulnerable groups and small business owners. It will write off unsecured debts of up to 50 million won that have been delinquent for over seven years, targeting financially vulnerable individuals and self-employed business owners.

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