Donation

Rolling Jubilee (active name: Jubilee Bank) previously conducted activities to directly purchase and cancel long-overdue non-performing loans through public donations. Beyond simply writing off debt, this effort served as an opportunity to expose the social reality where long-overdue bonds are traded for pennies while debtors remain subject to decades of collection. It also played a triggering role, prompting the government and society to step up and address the issue of long-term delinquent debt.

Currently, Rolling Jubilee supports the recovery and economic second chances of financially vulnerable groups, primarily through debt and financial counseling. To prevent individuals from being completely pushed out of their lives and economic activities due to excessive debt, we establish a foundation for recovery through counseling and referral services. Alongside this, we continue activities to publicize and improve structural problems and institutional blind spots revealed in counseling settings.

In particular, we bring public attention to structural issues that block the recovery of financially vulnerable groups—such as the Evergreen First Securitization Specialty Co. debt issue, the long-term collection structure of public bad banks, and the trading and outsourced collection of long-overdue bonds—while advocating for institutional reform to protect debtors’ rights and support their economic restart. Furthermore, in connection with Financial Welfare Counseling Centers nationwide, we collaborate on debt resolution and recovery support activities, striving to ensure that problems identified in counseling lead to actual policy and institutional changes.