section_path: Political positions/Economic and social policy/Government-backed loans
section_name: Government-backed loans
paragraph_text: Government-backed loans
  
  Lee advocated for "basic loans," which would allow any citizen to take out government loans of up to ₩10,000,000 (US$8,750) at an interest rate of around 3 percent, regardless of their credit status. Lee advocated for these government-backed loan to the public as a safer alternative to borrowing money from loan sharks or private money lenders.