Son Byung-du, Vice Chairman of FSC, "Comprehensive Efforts for Timely Support of COVID-19 Damage"
[Asia Economy Reporter Kim Hyo-jin] Sohn Byung-doo, Vice Chairman of the Financial Services Commission (third from the left), held a meeting on the status of financial sector response implementation related to the novel coronavirus infection (COVID-19) at the Government Seoul Office on the 5th, urging, "Please make every effort to ensure that financial support for affected small and medium-sized enterprises and small business owners is provided timely and appropriately."
The meeting was attended by Sohn, officials from the Financial Services Commission, as well as working-level staff from the Financial Supervisory Service, the Ministry of SMEs and Startups, and policy financial institutions.
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The government, centered on financial authorities, has established and is implementing a financial support plan worth approximately 11 trillion won for companies affected by COVID-19. According to the Financial Services Commission, from the 7th of last month to the 3rd of this month, about 2.8 trillion won in COVID-19 related financial support was provided through policy financial institutions and private financial companies.
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