Seongsu Eun, Chairman of Finance Committee–
Finance Commissioner Eun Seong-soo announced on the 14th that he will review the soft landing plan of the financial support program that was unfolded in the process of responding to the novel coronavirus infection (Corona 19) from next month.
At the year-end meeting with the entry and exit reporters held online (non-face-to-face) that day, Chairman Eun said, “The plan for a soft landing of financial support measures such as extension of maturity, delay in interest repayment, and flexibility in financial regulations will be discussed in the financial sector and industry from January next year while watching the progress of Corona 19 ·We plan to collect opinions from experts and make decisions.”
While massive financial support for small businesses, small and medium-sized enterprises, and individual debtors suffering from the Corona 19 crisis is inevitable, it seems that the’soft landing card’ was officially formulated as concerns that such debt could lead to financial insolvency in the future also increased. .
However, the chairman selected “Overcoming the Corona 19 crisis” as the first topic next year.
Regarding the Corona 19 countermeasure, he emphasized, “Smooth financial support for vulnerable areas, management of expanded financial risks in the process, and soft landing of expanding financial policies must be achieved in harmony.”
“As the re-proliferation of Corona 19 becomes a reality, as well as existing measures, we will take additional measures if necessary.”
The establishment of a policy-type New Deal Fund, reduction of the highest interest rate in the second half of next year, and the establishment of the Financial Consumer Protection Act were also mentioned as major tasks.
Looking back this year, he said, “We are taking the fact that many investors have suffered damage due to the insolvency of some private equity funds.”
Chairman Eun added, “We are sorry that we have not been able to oversee and recognize the fund’s insolvency a little earlier, and we plan to make necessary efforts to ensure that there is no negligence in protecting investors in the future.”
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