People have a of debt. They use credit too much and owe a lot of . People have loans for food. More people have big loans. South Korea is doing something to help people with . It will cancel the debts of 1.6 million people on low . Its National Happiness Fund will help people with money problems to make a start in life. South Koreans cannot pay back debts of less than $9,000 could get .
A South Korean president started the National Happiness Fund in 2013. He wanted to help Korea's people and make people more . However, there is still a problem because people on middle and incomes have most of the debt in South Korea. The government is trying to stop families from going . It said families have "a of debt". It must do quickly. There could be a big debt crisis .
