Vice Chairman Kwon Dae-young of the Financial Services Commission held the memorandum of understanding (MOU) signing event with related organizations and banks on November 14 for introducing a new low-interest loan support program designed to assist debtors already in restructuring with 7-yr or more overdue debts. In his opening remarks, Vice Chairman Kwon spoke about the challenging economic reality and financial burden faced by vulnerable groups since the pandemic and said that the newly launched low-interest loan support program is expected to provide a boon for them to regain footing and step forward financially. While underscoring the importance of active commitments pledged by banks and Seoul Guarantee Insurance, Vice Chairman Kwon urged the financial companies to further strengthen efforts to help enhance financial inclusion. The new lending support made available through the Credit Counseling and Recovery Service (CCRS) will provide low-interest loans to those who have already entered into a debt restructuring process with 7-year or more overdue debts and have been making debt payments accordingly for at least six months.