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Financial Supervisory Service

South Korea to Ban Money Lenders From Issuing Unsecured Loans to Active-Duty Soldiers

South Korea to Ban Money Lenders From Issuing Unsecured Loans to Active-Duty Soldiers

November 15, 2026 by Alexandra Hartman Editor-in-Chief

The South Korean military is closing ranks on predatory lending. By year-end, money lenders will be barred from issuing high-interest unsecured credit to active-duty soldiers, a direct response to a … Read More

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