Exclusive An annual rate of 5,000% and a family relationship certificate...The prosecution and police crack down on illegal bonds as if they were laughing at each other.

A 5,000% annual rate and a family relationship certificate...President Yoon instructed to 'tackle illegal collection' on the 12th, saying, '∀'YTN checks the private financial situation three days after the president's order

"If you borrow 500,000 won, interest will be 100% per week"

5,000% annualized rate..."Introducing a company that's good at tuning."

[Anchor]
Shortly after YTN's successive reports of vicious illegal collection of ordinary people to death, President Yoon Suk Yeol called for the full use of investigative capabilities to root out these crimes.

Prosecutors, police and financial authorities immediately predicted a major crackdown, but as a result of the report, illegal loan sharks were still attracting ordinary people, demanding interest rates of thousands of percent per annum.

A reporter from the department head reports.

[Reporter]
Three days after President Yoon Suk Yeol's order to eradicate illegal collection on the 12th, YTN reporters began to check the actual illegal loan situation.

We randomly selected lenders that are advertising on famous loan brokerage platforms and inquired about their availability.

[Loan broker: There are about 160 affiliates. To the most reasonable side.]

When I urgently need 500,000 won, most of them introduce that they receive 100% interest per week.

In a year, it is well over 5,200%, and he says he will introduce companies that coordinate well as if they are generous.

[Loan broker: Most of them are 500,000 won (principal) and 1 million won (to pay back). If you have a headache, the interest rate is a bit strong, right? You adjust the interest and the period, so I'll connect you to him first.]

And I get a call in less than three minutes.

They demand the contact information of acquaintances and even family relationship certificates as collateral.

It is the same method used by loan sharks who often collect illegally.

[Company A: Yes, I never contact them first, just in case there are people who eat and skip. [It's not like you're just taking it and using it on the other side]

Another company also asked for 40% interest in 10 days, which is hundreds of times the legal maximum rate of 20% per year, which is all illegal.

[Company B: If you borrow 1 million won, on average, it's 1 million won and 1.4 million won. You can say that interest is about 40% (in 10 days). Personal money companies are a little different from the financial sector, so you can't get them with financial interest.]

They pretended to be official registration companies, but it wasn't true.

[Company A: We're ○○ Godfather, and if you search for it in the Financial Association, it's an official company that comes out. (What's your registration number? I'll search for it.) No, if you search for the name, it comes out. To the Financial Association?]

The damage caused by these illegal private financial companies has steadily increased from 9,000 in 2021 to 12,000 last year.Damage cases such as


high interest rates and debt collection are repeated hundreds to thousands of times every year.

However, they were still laughing at the hard-line policy of the prosecution, police, and financial authorities to root out illegal private finance.

I'm the manager of YTN.