FSC Chairman Koh Seungbeom held an end-of-year press briefing in a virtual format on December 3 to discuss policy outcomes for this year and explain key policy tasks for 2022. At the beginning of his keynote address, Chairman Koh touched upon some of the important policy initiatives and their outcomes for 2021, including the effects of the household debt management measures and the provision of COVID-19 financial support for small merchants and SMEs. While seeking to achieve a proper balance between maintaining stability in the financial system and pursuing inclusive financial policies, Chairman Koh said that the FSC will (a) continue to work on tackling financial imbalances, (b) strengthen financial support for vulnerable groups and improve measures for financial inclusion and (c) work to ensure a seamless rollback of some of the accommodative and deregulatory policy measures introduced amid the pandemic in 2022.

* Please see press release for details.