Swings Confesses 12 Billion KRW Debt and Battle with Severe Depression

Rapper and entrepreneur Swings recently discussed managing 12 billion won (~$9.2M USD) in debt incurred to expand his business. He revealed that the repayment process caused extreme mental strain, relationship conflicts, and severe depression over the past year.

Key Facts

• Swings secured a 12 billion won (~$9.2M USD) loan approximately five to six years ago to scale his company.
• He struggled with profound exhaustion and depression last year while balancing financial obligations and interpersonal issues.
• While one report incorrectly cited a 120 billion won figure, most sources confirm the debt was 12 billion won (~$9.2M USD).
• Swings shared these details via his YouTube channel on May 9th.
• He confessed to feeling a lack of strength to "fight again" despite nearing the end of his financial burden.

Key Quote

"I borrowed it about 5 or 6 years ago to try to grow the company significantly, and I felt like I was going crazy during the repayment process." — Swings

Next

• Swings expects to settle the remaining balance by the end of this year.
• The artist expressed a desire to move forward with renewed energy once the debt is paid.