FSC Chairman Kim Joo-hyun announced the new administration’s financial sector measures for ensuring stability in people’s living conditions on July 14. The measures were discussed at the 2nd emergency meeting for stabilizing people’s living conditions held by President Yoon Suk Yeol earlier on the same day. Key measures include (a) easing financial burdens on the self-employed and small merchants, (b) alleviating financing burdens related to housing, (c) strengthening debt adjustment for young adults to support their restart attempts and (d) improving financial support for low-income earners and low-credit holders and stamping out fraudulent activities targeting vulnerable groups.

* Please see press release for details.