FSC Chairman visits local bank to check provision of tailored support for small merchants made available by banking sectMay 08, 2025

Chairman Kim Byoung Hwan of the Financial Services Commission visited a local bank on May 8 to check the provision of tailored financial support for small merchants made available by the banking sector and hold talks with officials from related organizations. Since the announcement was made by the banking sector to provide tailored assistance for small merchants in a more sustainable way last December, banks have introduced four major tailored support programs for small merchants in April this year in the form of debt restructuring, refinancing, new loans and guarantees, and consulting. While speaking about the importance of these programs, Chairman Kim also stressed the need to boost education and advertisement to make sure that the availability of these support programs is widely known to small merchants.