[2026-02-28]South Korea Strengthens Debt Relief Incentives for Small Business Owners in 2024

South Korea is enhancing the Saechulbal Fund to reduce debt burdens for small business owners and self-employed individuals.
New incentives for early and diligent repayment, expanded eligibility for payment deferral, and broader regional support are introduced.
These changes are being implemented in 2024 following a policy review by the Financial Services Commission.