FSC Chairman Eun Sung-soo attended the MOU signing ceremony between the Korea Inclusive Finance Agency, Korea Federation of Banks and thirteen banks on July 1 for the launching of a new microloan service offered through banks. At the event, FSC Chairman Eun Sung-soo delivered a keynote address and spoke about the significance of the new microloan service becoming available in the banking sector while emphasizing the need to effectively manage household debt. With the possibility of interest rate hikes in near future, Chairman Eun said that it is crucial to manage household debt and be prepared for risks by spreading and sharing the burden of interest rate hikes.

* Please see press release for details.