Yonhap Infomax NewsKorea Asset Management Corp.'s Saechulbal Fund faces criticism after a government audit revealed widespread debt relief for high-income borrowers and asset concealment, prompting calls for stricter oversight and improved debt reduction criteria.
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#YonhapInfomax #KoreaAssetManagementCorp #SaechulbalFund #DebtRelief #BoardOfAuditAndInspection #RepaymentCapacityRatio #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=95560
'Earning 8 Million Won a Month, Yet 200 Million Won in Debt Forgiven'—Loose Oversight in Korea Asset Management Corp.'s Saechulbal Fund
Korea Asset Management Corp.'s Saechulbal Fund faces criticism after a government audit revealed widespread debt relief for high-income borrowers and asset concealment, prompting calls for stricter oversight and improved debt reduction criteria.