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Posted by kiim AKP STAFF Monday, December 10, 2018

Microdot's parents under fire again for possibility that the debt may disappear


Microdot's parents are gaining attention once again.

Microdot's parents gained attention once again due to the possibility that the evidence against them may disappear. According to a media report, "After the controversy of Mr. Shin not repaying the debt, the victims have recently asked for confirmation for the local farmer's association to pay the debt instead, however due to lack of documents and evidence, they were rejected."

According to the Credit Information Act, financial institutions should remove credit information 5 years after the business with the customer is finished. As a result, Mr. Shin's loans were classified as write-offs and the transaction ended in 2003-2004. Five years after the annulment, 2008-2009, was the deadline for holding the transaction information on Mr. Shin's loans.

According to the reports, the local farmer's association kept the documents in paper form, however an official of the financial institution A said, "In terms of the legal issue, I have been unable to talk to the people involved due to violations of the personal information laws."

Microdot left 'The Fishermen and the City' and ceased activities as of now.

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qnaug87 pts Tuesday, December 11, 2018 0
Tuesday, December 11, 2018

According to the Credit Information Act, financial institutions should remove credit information 5 years after the business with the customer is "finished"

well.... if its gone then the business is finished, then there isn't much to say



MariaR380 pt Monday, December 10, 2018 0
Monday, December 10, 2018

wait does this mean NO one paid on the loans???? Was the loaned money suspose to be just from Mr. Shine or for the entire village???? I was under the impression that the people he borrowed the money from went into debt for paying the loans. Im Im confused, I know I cant be the only one.



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