Managing household debt is becoming increasingly difficult for low-income households.
Soo Jin Lee
Soo Jin Lee received her master's degree in Philosophy and PhD in Economics from the Columbia University. She started working at the Korea Institute of Finance as a research fellow in 2012. She has taught at the Yonsei University in Seoul, Republic of Korea.
Support for Low-Credit, Low-Income Borrowers and Social Enterprises to Stimulate Financial Inclusion
Solutions include lowering statutory maximum lending rates, expanding policy financing and mid-rate loans, increasing loans and loan guarantees.