Vice Chairman Kim Soyoung of the Financial Services Commission held a meeting on February 19 with officials from policy financial institutions and related government ministries to discuss the progress of early implementation of policy funds to support industries this year. Amid a slowing growth rate in the economy expected to continue throughout this year, Vice Chairman Kim said that it is important for policy financial institutions to frontload the implementation of policy funds to support industries and facilitate a recovery in the real economy. As of February 14, five major policy financial institutions have supplied a total of KRW33.0 trillion in policy funds, up 17 percent or KRW4.9 trillion compared with the same period a year ago. In the first quarter of this year, policy financial institutions plan to supply a total of KRW88 trillion to support industries and KRW122 trillion by the end of April. Through early implementation of policy funds, policy financial institutions will supply about 60 percent of their annual supply plan in the first six months of this year.