Chairman Kim Joo-hyun of the Financial Services Commission attended the event commemorating the launch of prompt credit recovery support on March 12. The credit recovery support will be provided to the borrowers who accrued delinquent payment history of up to KRW20 million between September 1, 2021 and January 31, 2024 and will have fully paid off their late payments by May 31, 2024. Starting from today, borrowers with delinquent payment history can check their eligibility on the website of individual credit rating and information companies. For those who have already paid off their late payments, their credit scores will be increased automatically without the need to apply for this separately. FSC Chairman Kim Joo-hyun said that the credit support programs being introduced today will help many people and businesses to regain footing and make a fresh start.