Korea Asset Management Corporation (KAMCO) and the Credit Counseling & Recovery Service (CCRS) recently warned about inaccurate information regarding the principal reduction benefits of the SaeChulBal Fund.
The SaeChulBal Fund is a debt restructuring program for small business owners and self-employed individuals, which has been in operation since October 2022.
This program offers preferential benefits on principal reduction rates for those who have completed employment and re-entrepreneurship training designated by the Ministry of Employment and Labor and the Ministry of SMEs and Startups.
Up to a 10 percentage point preference can be granted, but the preferential rate varies depending on the hours of completed training and the difficulty of the courses.
KAMCO emphasized that this does not mean all trainees will receive the full 10 percentage point reduction.
Recently, it has been confirmed that false advertisements and inaccurate information regarding these principal reduction benefits have been circulating in some areas.
To receive the preferential benefits of the SaeChulBal Fund, you must complete the designated training, and no other programs offer these benefits.
A KAMCO official urged caution, stating, "Be careful not to be deceived by false advertisements without verifying the accurate information," and reiterated that the principal reduction benefits of the SaeChulBal Fund apply only to programs provided by official institutions.
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KAMCO warns against the spread of inaccurate information regarding the SaeChulBal Fund's 'principal reduction benefits'
Korea Asset Management Corporation (KAMCO) and the Credit Counseling & Recovery Service (CCRS) recently warned about inaccurate information regarding the princ
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