6.14 million individuals and self-employed who have overdue loans...overdue balance of nearly 50 trillion won

The number of individual borrowers who overdue bank loans and credit card loans exceeded 6 million, and the overdue balance was close to 50 trillion won.

According to data submitted by Kim Hyun-jung of the Democratic Party of Korea, a member of the National Policy Committee of the National Assembly, from the Financial Supervisory Service and the Korea Credit Information Service, the number of overdue individual borrowers registered in the Credit Information Service's creditor change information system at the end of October was 6,144,000.

Their overdue balance totaled 49.44 trillion won.

Rep. Kim Hyun-jung said, "The fact that individuals and private businesses have 6.14 million borrowers in delinquent bonds is a shocking figure that shows the face of the Korean economy," adding, "If left unchecked, the household debt crisis could spread to risks across the economy."

As the financially vulnerable class's ability to repay debts decreases, illegal private financial damage from institutional finance is also on the rise.

According to the data received by the office from the Korea Inclusive Finance Agency, the number of illegal private financial consultations by the Korea Inclusive Finance Support Center in the first 10 months of this year was 42,409, more than four times the total number last year.