FSC Chairman holds meeting on loan maturity extension and payment deferment programSep 27, 2022

FSC Chairman Kim Joo-hyun held a meeting with relevant authorities and financial institutions on September 27 and discussed plans to extend the availability of loan maturity extension and payment deferment for self-employed business owners and SMEs. At the meeting, Chairman Kim said that the purpose of extending the availability of loan forbearance is to help businesses recover their debt service capabilities in practical terms. For businesses facing difficulties in making debt payments on schedule, Chairman Kim said that the availability of debt adjustment program such as New Start Fund will help ease their debt service burdens.