Lee: Gov't to convert existing school loans into lower-interest ones
Social affairsApr 2, 2012
The government plans to convert existing school loans into lower-interest ones beginning next month as part of efforts to expand the financial support system for young people, President Lee Myung-bak said Monday.The government will utilize 50 billion won (US$44 million) contributed by local banks as a guaranty fund for the interest-lowering measure, Lee said during his biweekly radio address. "As