The FSC announced its plan to introduce a small business loan refinancing program worth KRW8.5 trillion to help lower interest payment burdens of self-employed business owners and small merchants. Director General Kwon Dae-young from the Financial Policy Bureau gave a briefing on the availability of low interest rate refinancing program from September which is designed to help alleviate the self-employed and small merchants' payment burdens with their current high interest rate business loans.

* Please see press release for details.