In South Korea, a worker known as Mr. G borrowed 10 million KRW from illegal money lenders with an annual interest rate reaching a staggering 5200%, leading to severe harassment from the loan sharks. After suffering from relentless collection efforts, he reported the matter to the Integrated Support Center for Low-Income Financial Services, which has now launched a new 'one-stop comprehensive support system' allowing victims to report illegal loans in a more streamlined manner. Previously, victims had to report to various institutions separately, creating a complex and disheartening process that often deterred them from seeking help.

The Financial Services Commission officially announced the activation of this one-stop support system, which ensures that victims who report to any institution will be directly connected to a dedicated support officer. This officer will take charge of the entire process, from halting the illegal collections to providing legal support. In Mr. G's case, once he submitted his complaint, a warning message was sent to the illegal lender, effectively stopping the harassment quickly, showcasing the new system's efficiency and effectiveness in combating loan sharking.

Furthermore, the initiative not only addresses the immediate cessation of harassment but also provides legal assistance through the Credit Recovery Committee, ensuring victims receive comprehensive support, including help with lawsuits. The Financial Services Commission emphasizes the need for faster and more convenient assistance for victims of illegal money lending, indicating a commitment to improving consumer protection in the financial sector and reducing the psychological burden faced by the victims, ultimately aiming to restore financial stability to those affected by such predatory practices.