FSC Chairman visits inclusive finance support center to check implementation of new microloan program for vulnerable borrowersMar 27, 2023

FSC Chairman Kim Joo-hyun visited a branch of the Korea Inclusive Finance Agency's support center on March 27 to see how the newly introduced microloan program for living expenses is being provided to vulnerable borrowers. During his visit, Chairman Kim said that it is very meaningful to be able to provide an opportunity to those borrowers who stand at the brink of being pushed off to illegal predatory lenders who often charge exorbitant rates on loans. At the same time, Chairman Kim also underscored the important role of the support center employees in providing consulting to applicants in a more comprehensive and substantive way. As this microloan program for living expenses is made available for the first time, Chairman Kim said that authorities will closely monitor how this program is operated and, if necessary, prepare improvement measures quickly.