FSC Chairman Koh Seungbeom attended a memorandum of understanding signing event between major credit guarantee institutions on December 29 and delivered a speech emphasizing the importance of providing stronger credit recovery support for small merchants and other financially vulnerable groups. The Credit Counseling & Recovery Service (CCRS) and five other relevant institutions including Korea Credit Guarantee and Korea Housing Finance Corporation signed an MOU pledging to improve standards for debt adjustment and strengthen support for credit recovery on guaranteed loans. At the event, Chairman Koh outlined the government's inclusive finance policy for 2022 and talked about the importance of providing stronger credit recovery support for the financially vulnerable who are struggling through the COVID-19 pandemic.

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