Current Affairs Planning Window tracks illegal private finance ecosystem... Broadcasts at 10 PM on the 1st

KBS 'Current Affairs Planning Window' will track the secret operating principles of illegal private finance that threaten the daily lives of ordinary people through the episode 'Collection License: We Lend You Personal Money' on the 1st at 10 PM.

This broadcast deals with the reality of illegal moneylenders targeting those in need of urgent funds. In particular, it focuses on damage cases of so-called 'acquaintance debt collection,' where lenders demand the contact information of acquaintances during the process of borrowing 1 million won and exploit this to threaten them if repayment is delayed. The average loan amount of the victims met by the reporting team was confirmed to be 920,000 won, with a repayment period of around ten days.

The core link of illegal private finance, personal information distribution

The reporting team tracked how personal information left during the loan inquiry process is commodified. Just four hours after leaving an inquiry on a loan brokerage platform, circumstances were captured where the reporting team's number was traded among DB sellers for 4,000 won per case. Police investigation teams point out that this distribution of databases (DB) is the core of illegal private finance crimes.

Furthermore, the reality of companies hanging signs as registered moneylenders is also inspected. As a result of inquiring with 47 registered moneylenders being advertised, the reporting team confirmed the institutional vacuum that fails to filter out unqualified companies and the paths through which they connect to illegal private finance. Through the testimony of current and former moneylenders, the methods of collecting interest exceeding the legal maximum rate and the process of designing illegal debt collection are revealed.

Source: KBS Press Release

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