Lee, Kye Moon; Yi, Junesuh - In: Journal of derivatives and quantitative studies 31 (2023) 4, pp. 262-277
This study aims to examine the effectiveness of the debt modification system (DMS) in Korea. We find that DMS does have … a positive effect in increasing the credit scores and annual income of DMS users. We also find that a debt management …-interest unsecured loans from banks. Therefore, DMS in Kores is still insufficient to support the return of debt-ridden consumers to …