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Even if you cannot repay the borrowed money temporarily during the corona virus, if you have paid it back in the end, a plan not to lower your creditworthiness is promoted. The purpose is to help people who are struggling because of the corona, but there are voices who are worried about it.



Correspondent Kim Jung-woo reported.



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Individual entrepreneurs and small business owners who have been hit hard by COVID-19 are experiencing difficulties that cannot be covered by government subsidies or financial support alone.



Considering this, the purpose of 'Credit Amnesty' is to not leave a record of delinquency if all payments have been made, even if a small amount of delinquency is overdue.



A similar policy was implemented during the 1997 Asian financial crisis.



Financial Services Commission Chairman Eun Seong-su held a meeting with the heads of major financial associations and effectively agreed to promote a 'credit amnesty'.



Chairman Eun explained, "This is a measure to restore the credit-deprived class to normal economic life due to temporary debt delinquency."



The financial sector predicts that delinquent persons who have been in arrears since January of last year, when the spread of COVID-19 began, are expected to be targeted.



However, as there are various reasons for delinquency and concerns are raised that it may lead to non-payment of repayment, it is reported that they are struggling at the last minute over criteria such as the range, timing, and industry of delinquency amount that will be subject to a credit amnesty.



[Seo Ji-yong/Professor of Business Administration, Sangmyung University: From the perspective of borrowers who have been paying interest steadily, 'Aren't those who did not pay interest benefiting? There is a possibility that such moral hazard may occur.] The



financial authorities and financial institutions are planning to come up with a concrete plan for a credit amnesty tomorrow (12th) considering these points comprehensively.



In addition, the deadlines for extending the maturity of loans for self-employed and small business owners and for deferring interest payment, which were previously extended once, are also approaching a month ahead, and there is a prevailing view that they will be extended again.



(Video coverage: Cho Chun-dong, video editing: Lee Seung-yeol)