FSC Chairman attends long-term personal debt cancellation ceremonyDec 08, 2025

Chairman Lee Eog-weon of the Financial Services Commission attended the first long-term debt cancellation ceremony for vulnerable debtors made available under the New Leap Fund program on December 8. About 70,000 individuals whose delinquent debts worth KRW1.1 trillion have been acquired by the New Leap Fund program qualified for the first batch of debt cancellation today. At the event, Chairman Lee delivered congratulatory remarks underscoring the significance of providing opportunities to start afresh for vulnerable debtors. In this regard, Chairman Lee said that the financial turning point made available by the New Leap Fund program will help vulnerable debtors to regain footing financially and facilitate our economy to get back on course for a virtuous cycle of growth.