{"id":131463,"date":"2026-08-25T11:36:10","date_gmt":"2026-08-25T11:36:10","guid":{"rendered":"https:\/\/www.europesays.com\/korea\/131463\/"},"modified":"2026-08-25T11:36:10","modified_gmt":"2026-08-25T11:36:10","slug":"ibk-industrial-bank-of-korea-to-write-off-120-billion-won-in-long-overdue-debt-for-5000-people","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/korea\/131463\/","title":{"rendered":"IBK Industrial Bank of Korea to write off 120 billion won in long-overdue debt for 5,000 people"},"content":{"rendered":"

\t\t\t\t\t\t\t\t\t\t \"\"<\/p>\n

\t\t\t\t\t\t\t\t\t\t[Photo: IBK Industrial Bank of Korea]<\/p>\n

IBK Industrial Bank of Korea will write off long-overdue debt claims totaling 120 billion won by the end of this year for about 5,000 long-term delinquent borrowers.<\/p>\n

The bank said on Aug. 25 it will write off 120 billion won in long-overdue claims for about 5,000 people by December.<\/p>\n

The measure was prepared to reduce the financial burden on vulnerable groups that have faced difficulties repaying debt for a long period and to support their economic recovery.<\/p>\n

The bank will first write off claims worth 67.5 billion won for about 3,600 people by September.<\/p>\n

The targets are claims that have been included in the special-claim category for more than 5 years with an outstanding balance of 5 million won or less, and claims included in the special-claim category for more than 7 years with an outstanding balance of 100 million won or less.<\/p>\n

By December, it will additionally write off claims worth 52.5 billion won for about 1,400 people. The targets are claims included in the special-claim category for more than 5 years with an outstanding balance of 100 million won or less.<\/p>\n

An IBK official said, “We pushed ahead with the debt write-off to support recovery for vulnerable groups struggling with long-term debt,” and added, “We will continue supporting financially vulnerable groups through inclusive finance.”<\/p>\n","protected":false},"excerpt":{"rendered":"[Photo: IBK Industrial Bank of Korea] IBK Industrial Bank of Korea will write off long-overdue debt claims totaling…\n","protected":false},"author":2,"featured_media":131464,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[456],"tags":[845,846,36562,10049,67029,67031,67030],"class_list":["post-131463","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bank-of-korea","tag-bank-of-korea","tag-bok","tag-december","tag-ibk-industrial-bank-of-korea","tag-long-overdue-debt","tag-september","tag-special-claim-category"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/131463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=131463"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/131463\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/131464"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=131463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=131463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=131463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}