Finance
IBK Industrial Bank of Korea launches \'Revive Enterprise\' debt restructuring programme
IBK Industrial Bank of Korea said on Sunday it will launch the \'Revive Enterprise\' debt restructuring programme in line with the government\'s inclusive finance policy direction. The programme targets long-term delinquent borrowers and will operate on two tracks: debt write-offs and debt restructuring. The bank will write off debts in full for eligible borrowers meeting criteria including elapsed time since classification as special claims and outstanding balance limits. It will also reduce principal to cut repayment burdens, adjusting debts by up to 95 percent for long-term delinquents.