FSC Chairman Koh Seungbeom signed an agreement with the Ministry of Education, the Korea Student Aid Foundation and the Credit Counseling and Recovery Service on November 22 to set up a joint debt adjustment program for young adults who are struggling with multiple debts. Chairman Koh said that the joint debt relief program will provide meaningful assistance to young adults who are facing the burden of multiple debts. From 2022, the program is expected to provide assistance to some 20,000 young adults annually in paying off their student loan debt.

* Please see press release for details.