"3rd High School Phenomenon" for a long time...The common people and corporations are "devastated" in debt.

1,745 corporate bankruptcies this year, new record
Policy Agencies Increase Payback to Banks on Lenders' behalf
Financial authorities review supplementation of low-income financial products as delinquency rate surges

[Anchor]
It has been found that not only ordinary people but also corporations are in debt due to the prolonged so-called "three high phenomenon" of high interest rates, high prices, and high exchange rates.

The number of ordinary people who applied for debt adjustment because they failed to pay their debts on time is expected to record the highest ever this year, and the delinquency rate for ordinary people's loans has doubled.

Reporter Choi Doo-hee reports.

[Reporter]
This year, nearly 180,000 people have applied for debt restructuring without paying off their debts.

Debt adjustment is a system that extends the repayment period for borrowers who have become difficult to pay off their debts due to difficulties in life.

From January to last month, 179,000 people applied for debt adjustment to the Credit Recovery Commission.

If this trend continues, it is expected to record the highest number of applicants for debt adjustment last year.

This year, the number of corporate bankruptcies reached 1,700, and it has already reached an all-time high.

In addition, the delinquency rate of low-credit people's policy financial products is also unusual.

In particular, the percentage of the amount paid back to banks by policy agencies on behalf of low-credit borrowers has increased significantly.

Among low-credit people, the subrogation rate of "Sunshine Loan Bank," which supports them to cross the first financial sector because they have relatively good repayment capabilities, doubled to 16.2% at the end of last month compared to the end of last year.

In the case of "Sunshine Loan 15," a low-income policy financial product that supports the lowest credit, the subrogation rate reached 25.5% at the end of last month.

In this situation, the financial authorities are also considering supplementing financial products for the common people.

[Kim Byung-hwan / Chairman of the Financial Services Commission (last 18th): We are preparing for next year's business plan and are working on ways to supplement the low-income finance sector]The debt-ridden people are deepening due to the aftermath of the economic slowdown amid

high interest rates, high prices, and high exchange rates.

I'm Choi Doohee of YTN.

Video editing;Lee Eun-kyung design;Kim Jin-ho