The Financial Services Commission and the Ministry of Employment and Labor signed a memorandum and understanding (MOU) on January 24 to ensure mutual cooperation between the two organizations and to make available a joint finance-employment assistance program to those in need. At the MOU signing event, FSC Chairman Kim Joo-hyun said that the government will provide self-recovery assistance to vulnerable groups by making available joint consultation and counseling programs on both microfinance and employment related issues. Under this joint assistance program, a visitor to a microfinance support center will be eligible to receive support from an employment assistance center, and vice versa, to boost opportunities for self-recovery.