A loan shark who forced sex and circulated nude videos after a woman borrowed money for her daughter’s treatment is sent to prosecutors in custody

[Financial News] A predatory loan shark who forced a woman to have sex and sent nude footage to her family after she turned to illegal private lending to cover treatment costs for her daughter with severe developmental disabilities has been referred to the Public Prosecution Office while in custody.
Police said on the 10th that Yeongdeungpo Police Station in Seoul referred A, a man in his 40s suspected of violating the Fair Debt Collection Practices Act and the Act on Special Cases concerning the Punishment, etc. of Sexual Crimes, to the Public Prosecution Office in custody last month.
Police investigators suspect that A demanded sex from B, a woman in her 40s, in exchange for lending her 5 million won, and kept a video of her body that he had filmed under the pretext of collateral. The 5 million won principal B borrowed ballooned to 70 million won in just four months as exorbitant illegal interest accrued.
A’s crimes did not stop there. When B fell behind on interest payments, he again forced her to have sex, saying, “I’ll reduce your interest.” He also threatened to circulate the video as he relentlessly demanded repayment of the debt. Investigators found that he engaged in illegal debt collection, including actually sending nude footage to B’s family.
B reportedly suffered this abuse after turning to private lenders in a desperate attempt to cover treatment costs for her daughter, who has severe autism (a developmental disability).
Police received B’s report, launched an investigation, and arrested A. A reportedly admitted to most of the allegations during questioning.


[email protected] Park Ji-hyun Reporter