Hong Nam-ki Corona loan maturity extension decision in early March

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Hong Nam-ki, Deputy Prime Minister of Economy and Ministry of Strategy and Finance, said on the 18th, “We will determine the level by early March after prompt discussions regarding the extension of the maturity of all financial sectors and the deferment of interest repayment, which are scheduled to end at the end of March.”

Deputy Prime Minister Hong said at the Macroeconomic Finance Conference held at the Seoul Bank Center on the same day.

He said, “We will normalize measures that have fulfilled their roles such as the Bank of Korea’s Financial Stability Special Loan System, but continue to provide support, such as extension, of desperate financial support for overcoming the damage and recovering the economy.” Financial support such as loans will be implemented without a hitch.”

Deputy Prime Minister Hong said, “It is important to manage potential risk factors such as liquidity problems accumulated in the process of responding to the crisis, real estate market, household debt, price stabilization, and expansion of financial volatility, so that potential risks are not realized.” “We need to take measures to induce inflow into productive sectors such as New Deal and new growth engines, and strengthened management measures for household debt,” he stressed.

/yunhap news

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