Information Shared with Financial Sector for Home Purchases Made with Business Loans… Loan Ban for up to 5 Years

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Starting on the 30th of this month, if a business loan is used for purposes other than intended, such as purchasing a home, the borrower's information will be shared with the financial sector, and they will be barred from receiving loans for up to five years. According to the financial sector on the 23rd, the Korea Credit Information Service will introduce a system on the 30th of this month to share information on borrowers who have violated agr…