S Korea to pay off debts for 1.6m people
South Korea is to write-off the debts of as many as 1.6 million people in a move designed to ease the financial burden on low-income individuals. The scheme is open to certain Koreans who have struggled to repay debts of less than 10m won ($9,128; £6,826). Eligible people can apply to the government for debt relief from next February.
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