Loan sharks circling

Home > Business > Finance

print dictionary print

Loan sharks circling

테스트

Printed advertisements for illegal moneylenders are spread across an alley in Noryangjin, southern Seoul, on Sunday. The neighborhood is packed with shabby apartments popular with young Koreans studying in cram schools in the area. The Financial Services Commission (FSC) announced Sunday that it is offering a low-interest rate loan package for young people struggling to find affordable housing options at 13 banks starting Monday. People aged between 19 and 34 who make less than 70 million won ($59,022) a year will be allowed to apply for a loan of up to 70 million won for a deposit and 500,000 won for monthly rent. The FSC has earmarked a total of 1.1 trillion won for the measure. [YONHAP]

More in Finance

Stocks rise for a fifth day on recovery optimism

Daily transaction record broken as Kospi jumps up 2.87 percent

Over 100 companies express interest in MyData services

Private equity booms, and is looking for some bargains

Recession in 2020, central bank statistics suggest

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now