FSC and MOEL meet with support centers to ensure seamless provision of microfinance-employment joint support programApr 09, 2024

Vice Chairman Kim Soyoung of the Financial Services Commission held a meeting with officials from the Ministry of Employment and Labor and microfinance and employment support centers on April 8 to go over the progress in the provision of the joint support program made available for individuals seeking assistance. Through close cooperation and coordination between the FSC and the MOEL, the joint microfinance and employment support program was made available from earlier this year. As a result, individuals seeking either microfinance support or job opportunities are now able to receive consultation and get related information for both. At the meeting, Vice Chairman Kim outlined the underlying purpose of this policy and talked about the need to make efforts to boost the effectiveness of this joint support program. To this end, Vice Chairman Kim urged officials to make sure that the availability of this program is widely known to those in need of help. To strengthen support for vulnerable groups, the government plans to set up and operate a finance-employment-welfare joint assistance team in April to provide more comprehensive support.