FSC Chairman Koh Seungbeom met with the heads of major financial holding companies on September 10 and held talks on ways to strengthen household debt management as well as the issue of loan maturity extensions and payment deferrals among others. At the beginning of the meeting, Chairman Koh laid out his principle of financial policy and supervisory role of the FSC as aiming for “market-friendly policy and supervision with respect for the creativity and autonomy of financial institutions.” On the issue of household debt management, Chairman Koh said that it was his top policy priority and pledged to effectively implement the measures in place while working to come up with improved measures.

* Please see press release for details.