Hard times: Self-employed debt defaults surge in 2024
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Hard times: Self-employed debt defaults surge in 2024

Published: 16 Feb. 2025, 17:34
 
Pedestrians stroll through Myeong-dong in central Seoul on Feb. 16. [NEWS1]

Pedestrians stroll through Myeong-dong in central Seoul on Feb. 16. [NEWS1]

Pedestrians stroll through Myeong-dong in central Seoul on Feb. 16.
 
According to the National Information & Credit Evaluation group, the number of self-employed who defaulted on their debts surged last year, with 155,060 individuals failing to make payments on loans for more than three months, a 35 percent increase from a year ago.
tags Korea Loans Self-employed

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