Go Seung-beom "Reviewing the Debt Consolidation Loan Platform from the Starting Point"

National Assembly Political Affairs Committee Confirmation Hearing

Nominee for Financial Services Commission Chairman Ko Seung-beom is attending the confirmation hearing held at the National Assembly on the 27th, responding to questions from lawmakers. Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Kim Jin-ho] Go Seung-beom, the nominee for Financial Services Commission chairman, stated on the 27th that he would "reconsider from the beginning" regarding the controversial launch of the refinancing loan platform.

At the National Assembly's Political Affairs Committee confirmation hearing on the same day, when asked by lawmakers about the refinancing loan platform, Go responded, "I think further consultations are needed, and we plan to continue discussions."

Previously, the Financial Services Commission had been preparing the refinancing loan platform with the goal of launching it in October. Once established, the platform would allow consumers to conveniently switch loans by comparing interest rates non-face-to-face and in a one-stop manner without visiting bank counters.

However, banks have expressed concerns about becoming dependent on big tech companies and are pursuing the establishment of their own independent refinancing loan platforms. They have also proposed to the Financial Services Commission to limit the service target to 'mid-interest rate loans.'

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