Chairman Lee Eog-weon of the Financial Services Commission presided over the second meeting on propelling a transition to inclusive finance with officials from related government ministries and industry groups on February 26. At the meeting, officials discussed measures to protect delinquent debtors and provide assistance to facilitate a quick recovery. In his opening remarks, Chairman Lee spoke about the need to more proactively make available assistance for vulnerable borrowers before the debt becomes delinquent and the borrower faces the need to undergo a debt workout process. In this regard, the FSC put forward plans to encourage private financial companies to offer debt workout programs of their own, strengthen the responsibility of initial lenders for consumer protection, and make improvement to the customary practice of renewing the statute of limitations.