Vice Chairman Kim Soyoung of the Financial Services Commission held a meeting with the related government ministries and policy financial institutions on December 19 and decided on a plan for supplying policy finance support for 2024. The consultative body decided to increase the total amount of financing support made available through policy financial institutions to KRW212 trillion, a rise of 3.4 percent from this year. At the meeting, FSC Vice Chairman Kim Soyoung said that the provision of policy finance support in 2024 will be implemented with a focus on alleviating difficulties for businesses amid challenging economic conditions, while helping to boost competitiveness of key strategic industries. To this end, the FSC will closely coordinate with the relevant ministries and policy financial institutions and prepare additional financing support plans if it becomes necessary.