President Yoon: "We must strongly clear long-term delinquent debts... dying because of debt is like being in a primitive society"

South Korean President Yoon Suk Yeol has called for decisive measures to address the issue of long-term delinquent debtors, stating that people dying because of debt is a situation "reminiscent of a primitive society." The president emphasized the need for a strong approach to clearing these overwhelming debts.

During a meeting, President Yoon highlighted the severity of the debt burden faced by many citizens. He argued that the current situation, where individuals face dire consequences due to their financial obligations, should not persist. The president's remarks underscore a commitment to finding solutions for those struggling with significant and prolonged debt, aiming to prevent extreme outcomes.

The president's comments suggest a focus on financial relief and restructuring for individuals trapped in cycles of debt. The administration appears poised to implement policies aimed at alleviating the pressure on long-term debtors and preventing further financial hardship. The emphasis is on moving beyond a system where debt can lead to such severe personal crises.

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We must strongly clear long-term delinquent debts... dying because of debt is like being in a primitive society.