Special response to illegal collection by the prosecution and police...Strengthen crackdown on presidential orders

Prosecutors and police have decided to take a strong action after President Yoon Suk Yeol ordered the government to root out illegal debt collection in connection with YTN's exclusive report on illegal debt collection.

The National Police Agency will strengthen its special crackdown on illegal debt collection more than before, and order each district office and frontline police station to respond more strongly to malicious debt collection practices such as violence and intimidation.

The prosecution is also considering countermeasures centered on the criminal department of the Supreme Prosecutors' Office, and the Supreme Prosecutors' Office ordered in November last year that illegal collection should be investigated in principle and that stalking punishment should be applied to loan sharks who unfairly approach debtors.

YTN reported that a woman in her 30s who was raising her kindergarten daughter alone took her own life after being bullied by illegal loan sharks after borrowing money at an annual rate of thousands of percent in September.



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