FSC Chairman Koh Seungbeom held a meeting with the banking industry on February 28 and discussed extending the availability of loan maturity extensions and payment deferments for small-scale businesses. Along with the discussion on extending the period of loan forbearance measures, Chairman Koh also urged close cooperation from banks in drawing up measures that will help prevent abrupt payment burdens on businesses while providing supports tailored to their individual needs and situations. Chariman Koh also touched upon the importance of risk management amid the heightened market volatility in the wake of the Ukraine crisis as well as ways to help strengthen the competitiveness of the banking industry through digital transformation.