Authorities hold meeting on small business debt workout programJul 14, 2025
Secretary General Kwon Dae-young of the Financial Services Commission presided over a meeting with officials from related organizations on July 14 to have discussions on the operation of the small business debt workout program (New Start Fund), which was first introduced in the wake of the COVID-19 pandemic and its expanded support and eligibility. With the passage of the second extra budget, KRW700 billion in additional debt workout support has become newly available for vulnerable debtors. In this regard, related organizations will promptly move to implement the program's expanded eligibility from September this year.
