[Photo] “New Leap Fund” Cheers

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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), posed for a commemorative photo at the event. The New Leap Fund is the name of the bad bank initiative by the Lee Jaemyung administration, aimed at debt relief for vulnerable groups and small business owners. Under this program, unsecured debts of up to 50 million won that have been overdue for more than seven years, held by financially vulnerable individuals and self-employed persons, will be written off.

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