Vice Chairman holds meeting on debt adjustment program for small merchants and self-employed business ownersSep 18, 2025

Vice Chairman Kwon Dae-young of the Financial Services Commission presided over a meeting on New Start Fund, a debt adjustment program intended for small merchants and self-employed business owners, with officials from related organizations and industry groups on September 18. At the meeting, the FSC and related organizations introduced plans to broaden the current eligibility criteria for debt adjustment support and strengthen assistance especially for lower income and/or socially vulnerable groups. With these measures in place, Vice Chairman Kwon said that more micro-enterprises and self-employed business owners will be able to receive support more quickly. While speaking about the importance of maintaining cooperation among related organizations to ensure a seamless operation of the debt adjustment support program, Vice Chairman Kwon also said that it is necessary for consumer credit businesses to boost social responsibility.