The FSC and the Ministry of SMEs and Startups jointly held a meeting with policy financial institutions, the Korea Federation of Banks and a variety of industry groups representing SMEs on January 11 and announced the government's plan to supply KRW80 trillion in policy funds to support SMEs. At the meeting, FSC Chairman talked about the importance of support made available from the government to help SMEs overcome difficulties and secure competitiveness at a time when economic situations are not so favorable both at home and abroad. In this regard, Chairman Kim said that the KRW80 trillion financial support programs for SMEs will help to lower their borrowing costs, build an impetus for securing our economy's competitiveness through innovation, and strengthen measures to support normalization of business management for those experiencing temporary liquidity shortages or difficult financial situations. Chairman Kim said that the government and the financial sector will spare no effort in providing support and improving regulations to help SMEs.