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Borrow 100,000 Won and Pay 200,000 Won in Interest that day... 36,500% Annual Interest From Loan Sharks.

Summary by 조선일보
Police arrested four loan sharks, including the ringleader of an illegal loan shark, who lent money to victims in need of emergency funds and then charged them annual interest rates of up to 36,500%. The Jeju West Police Station said on the 10th,

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조선일보조선일보
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Borrow 100,000 Won and Pay 200,000 Won in Interest that day... 36,500% Annual Interest From Loan Sharks.

Police arrested four loan sharks, including the ringleader of an illegal loan shark, who lent money to victims in need of emergency funds and then charged them annual interest rates of up to 36,500%. The Jeju West Police Station said on the 10th,

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조선일보 broke the news in on Tuesday, March 10, 2026.
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