Vice Chairman Kim Soyoung of the Financial Services Commission visited the central inclusive finance support center in Seoul on June 12 and held talks on the operation of the small-sum living expense lending program made available for vulnerable individuals. During his visit, Vice Chairman Kim emphasized the important role of microfinance assistance in seeking solutions to the problem of inequality and promoting inclusiveness in financial services. To help address these issues, the small-sum living expense loan program was launched in March 2023 to help improve access to microloan opportunities for vulnerable individuals who have low-credit backgrounds and often fall prey to the danger of illegal private lending activities. Since the introduction of this program, a total of 182,655 individuals received lending assistance worth about KRW140.3 billion as of the end of May 2024. To strengthen support made available through this program, authorities will allow the borrowers to have access to the small-sum living expense loan for the second time if their initial loan has been fully repaid. Moreover, authorities will also strengthen the provision of debt adjustment support for those having difficulties in paying back their loans.