Citizens are consulting at the integrated financial support center in Jung -gu, Seoul on the 19th, while the government has shown the addition of supplementary funds for public welfare recovery and debt adjustment. Reporter Han Soo -bin
The government will collectively reduce the debt of 1.13 million debtors, which have been overdue for more than 50 million won for more than 7 years, and also plan to adjust the debt adjustment of self -employed and small business owners who have increased high interest rates with Corona 19. The government is the first to invest in individuals’ delinquency bonds. However, among the expected project costs of 800 billion won, the government’s budget is only half, and the remaining financial resources are expected.
The additional revision budget announced by the government on the 19th reflects the budget of 1.4 trillion won for the reversion of individuals and small businesses. Among them, the project to buy and incinerator and incinerator purchase and incinerator batches and coordination has been organized by 700 billion won to expand the ‘new start -up fund’ system that supports self -employed and small business owners who have been damaged by the Corona 19 incidents.
The most notable is the new government’s personal delinquency debt adjustment. It is overdue for more than seven years, and the debt of individuals (including business owners), which is less than 50 million won (unsecured), can be broken. This is the commitment of President Lee Jae -myung. The financial authorities explained, “The longest period of overdue information is shared and the re -application after bankruptcy and indemnity is seven years. In the future, if the debt adjustment organization installed under the Korea Asset Management Corporation (Camco) is purchased in collaboration, the company will determine the direction of processing through income and property review.
Once the debtor is less than 60% of the median income, and there is no property that can be disposed of other than rehabilitation and bankruptcy recognition property, bonds will be incinerated. On the other hand, if you have the ability to repay, but if it is significantly insufficient compared to debt, you will receive a debt adjustment that has strengthened benefits than the current system of Shin Bok -wi. Up to 80% reductions of principals and repayment of 10 -year divisions are mentioned as alternatives.
The government estimates that this project will be able to handle individual long -term delinquency bonds of up to 1134,000 won. The supplement reflects 400 billion won, but the total resources are estimated at around 800 billion won. The Financial Services Commission plans to induce the participation of the financial sector through consultation with the remaining 400 billion procurement.
This program is the first case of government finances in handling personal overdue bonds, not business. In the past, personal delinquency bonds were purchased and burned by public institutions, but they have never invested government finances. The government’s finances have been invested in the new start -up fund, which is currently implemented.
The government will also strengthen support through the addition of new funds. The timing of support was increased to June this year, and last year, the company has expanded to operators who have been damaged by illegal illegal unhappy maxims last year.
The debt adjustment was reduced from ’60-80% of the principal, repayment of up to 10 years’ to ‘90% reduction of principal, and up to 20 years.’ However, the target was less than 100 million won in total debt, and was limited to unsecured debt for small -income small businesses with less than 60% of median income.
The Financial Services Commission said, “We need to share our responsibilities for the inevitably increased debt in the process of overcoming the Corona 19.” “We also considered delayed domestic recovery due to political and economic uncertainty.”
