Vice Chairman holds meeting to check progress of soft-landing of maturity extension and payment deferment programJun 08, 2023

Vice Chairman Kim So-young presided over a meeting with the Financial Supervisory Service and relevant financial industry groups on June 8 to review current status of the efforts to soft-land the loan maturity extension and payment deferment program which was introduced in April 2020 in the wake of coronavirus outbreak. At the meeting, Vice Chairman Kim So-young said that authorities will work to ensure a soft-landing of the support program and continue to operate a help center at the FSS to make sure that borrowers can seek consultation on their payment plans, debt adjustment and the availability of other support measures.