In July 2025, I provided emergency financial assistance to an acquaintance whom I considered a trustworthy friend. He operates an English academy in Songdo and also registered company in US. He was traveling in the United States with his students on a business trip when his credit cards unexpectedly stopped working. Trusting our relationship, I lent him $2,800 so he could manage his immediate expenses. He initially repaid $300 shortly after, but alarmingly used that small payment as an opening to ask to borrow even more money. When I declined, he began a ten month pattern of endless excuses, broken deadlines, and evasive behavior regarding the outstanding debt for the past 10 months.
I am currently in South Korea for family trip. The situation only progressed when my family member personally visited his academy in Songdo to confront him face to face. While he promised to prepare the full amount in cash, he turned my family member after giving around $200 and attempted to call police. Under the pressure and students coming in, he sent another 1,000,000 won (around $700) that moment. As of right now, the remaining amount is 2,000,000 won ($1,400).
He is now reverting to his previous stalling tactics regarding the final $1,400 balance, despite me having written KakaoTalk evidence where he explicitly acknowledges the exact remaining amount owed. How do I deal with this as a foreigner in Korea?
Update: I decided to forgive the friend. He said he is having really hard time with his business right now. Maybe that’s a lie but as a follower of Christ I believe in the power of forgiveness. #local source