FSC Chairman holds meeting to review debt risks of small merchantsJan 19, 2022

FSC Chairman Koh Seungbeom held a meeting with officials from the Bank of Korea, Financial Supervisory Service, research institutions and local banks on January 19 to check business conditions of small-scale businesses and their debt risks as the loan maturity extension and payment deferment program is set to expire at the end of March 2022. In his keynote address, Chairman Koh said that the authorities are currently working on tailored measures for small merchants to ensure adequate safeguards to prevent abrupt payment burdens.  

 

* Please see press release for details.