- Benefit
- Eligible: debt to creditor financial institutions overdue 90 days or more, total debt of KRW 1.5 billion (unsecured KRW 500 million, secured KRW 1 billion) or less, and debt incurred in the last 6 months below 30%. Support: overdue interest and interest fully waived, principal reduction (up to 30% for unwritten-off debt, 20-70% for written-off debt), equal principal repayment up to 8 years for unsecured debt (up to 35 years for mortgage debt), repayment deferral up to 3 years (2%), collection stops the day after application, and public records are removed after 1 year of faithful repayment following confirmation.
- Who is eligible
- Debtors overdue 90 days or more (total debt of KRW 1.5 billion or less)
- When to apply
- Year-round
- How to apply
- Reserve via Credit Counseling and Recovery Service (신용회복위원회) 1375, consult via app or internet, or visit a branch. Bring photo ID
- Important notes
- If you become overdue after the plan is confirmed, it may lapse. Re-adjustment and revised adjustment are possible
- Note
- Unemployed youth and university (graduate) students get special terms such as a waived KRW 50,000 application fee and repayment deferral up to 5 years. After 1 year of faithful repayment: early removal of public records and support for overdue national health insurance premiums (university students and unemployed youth aged 39 or under, up to KRW 2,000,000).
Based on official sources as of 2026년 10월. Amounts and requirements may change, so please confirm with the official guide before applying.