“Remember to expand different tailor made media for just about every market.”
“Supporting debtors in a non permanent liquidity crisis does not run counter to industry economy ideas”
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On the 7th, Fiscal Supervisory Expert services Commissioner Lee Bok-hyeon declared that the fiscal sector need to enjoy a top role in inducing a comfortable landing before the bank loan maturity extension and the finish of the reimbursement deferral for SMEs and tiny business homeowners afflicted by COVID-19 later this thirty day period.
President Lee Bok-hyeon expressed this position in a meeting with representatives of the fiscal sector, including the president of the financial sector association, the consultant of the Mutual Finance Federation and the head of the bank held at Financial institution Corridor on the identical working day. .
“If compact and medium-sized enterprises and modest entrepreneurs who are quickly in problems are unsuccessful to repay owing to deficiency of liquidity, this will not only area a terrific stress on the Korean economic system, but will also have a negative impression on the soundness of money establishments. ”Said President Lee.
“In this regard, the active purpose and cooperation of the economic sector is urgently needed,” he mentioned.
President Lee Bok-hyeon reported, “I know the governing administration is pushing for support measures like the Startup Fund and the economic sector is also planning its possess gentle landing program,” he stressed.
President Lee reported, “I am asking to grow different custom-made media adapted to the properties of each and every small business area.”
He thanked the banking companies for the modern announcement of assistance actions these types of as reducing the interest rate on higher-interest loans or extending the maturity of the loan to debtors who are encountering momentary problems in order to alleviate the fiscal stress on banks. modest organization house owners and asked them to carry on.
He said: “The delicate landing of SME borrowers and compact organization proprietors is a pretty crucial process in terms of the soundness of the economic sector and the countrywide financial state. I you should not imagine it conflicts with the principle,” he additional. .
/ yunhap news
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