Chairman Lee Eog-weon of the Financial Services Commission presided over the third meeting on propelling a transition to make financial services more inclusive with officials from related organizations and private sector experts on March 23 and discussed ways to boost microfinance support for young adults. At the meeting, Chairman Lee spoke about the need to increase the provision of microfinance assistance for young adults and other underserved groups. In this regard, the supply of microfinance assistance made available for vulnerable groups through the Korea Inclusive Finance Agency (KINFA) will be increased to KRW600 billion a year from the current level of KRW300 billion a year. Within this amount, the supply of microfinance support intended for young adults will be expanded to up to 50 percent or maximum KRW300 billion a year. In this regard, Chairman Lee said that policy finance support should be considered as more than simply a loan program but a mechanism to boost social solidarity.