Tag: interest rate cap

interest rate cap

Latest News

Loan broker busted for allegedly exposing 1,500 borrowers to illegal lenders across Korea

Investigators say the brokerage shared applicants’ personal data with illegal lenders who charged rates as high as 207 percent.

2026.10.28

As legal credit tightens, Korea’s vulnerable borrowers turn to loan sharks

Reports of illegal private lending are rising sharply as low-credit borrowers shut out of legal financing face exorbitant rates and aggressive collection tactics.

2026.8.18

Tag: interest rate cap

interest rate cap

Latest News

Loan broker busted for allegedly exposing 1,500 borrowers to illegal lenders across Korea

As legal credit tightens, Korea’s vulnerable borrowers turn to loan sharks

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