South Korea has launched a mid-rate livelihood stability loan for mid-to-low credit borrowers in the bottom 50 percent of credit scores. The unsecured loan allows up to 10 million won per borrower across all financial institutions. Initial providers include six savings banks. Interest rates range from 5.9 percent to 15.27 percent, depending on borrowers’ credit profiles and lenders’ systems. Borrowers must agree not to buy a home for 1 year or until full repayment.

The Broadcasting Media Communications Review Committee's communications review subcommittee on Sunday decided to order corrective measures, including access blocks, on 143 cases of illegal debt-collection information posted on social networking services that disclosed debtors' personal details. The review followed requests from the Financial Supervisory Service, the Busan Metropolitan Police Agency and the Ulsan Jungbu Police Station. The committee warned that spreading debtors’ personal data online can be punished by up to three years in prison or a fine of up to 30 million won.