President Moon: "Financial Role Crucial Amid COVID-19... Thorough Preparation for Credit Relief of 2 Million Delinquents"

[Image source=Yonhap News]

[Asia Economy Reporter Lee Ji-eun] President Moon Jae-in presented the appointment letter to Financial Services Commission Chairman Ko Seung-beom, urging him to thoroughly prepare for the credit amnesty for delinquent borrowers caused by COVID-19, stating, "While the role of fiscal policy is important during the COVID-19 situation, the role of finance is even greater."

On the morning of the 6th, President Moon presented appointment letters to Lee Seok-hyun, Senior Vice Chairman of the National Unification Advisory Council; Song Doo-hwan, Chairperson of the National Human Rights Commission; Ko Seung-beom, Chairman of the Financial Services Commission; and Park Jong-su, Chairman of the Northern Economic Cooperation Committee, and held a conversation where he made these remarks.

President Moon told Chairman Ko, "While the role of fiscal policy such as disaster relief funds is important during the COVID-19 situation, the role of finance is greater, making the Financial Services Commission very important." He added, "Please ensure thorough preparation so that more than 2 million eligible individuals affected by COVID-19 can receive credit amnesty benefits without omission."

In response, Chairman Ko said, "The Financial Services Commission plays a crucial role in stabilizing financial markets, managing household debt, overseeing virtual assets, responding to changes in the digital environment, and ensuring smooth funding for companies, so I will do my best to fulfill my duties."

President Moon asked Senior Vice Chairman Lee, "Please prepare well for the 40th anniversary event of the National Unification Advisory Council." He added, "The National Unification Advisory Council has regional councils and members both domestically and abroad, forms discourse on peaceful unification, gathers public opinion, and promotes to the public, so please continue your efforts as Senior Vice Chairman until the end."

Senior Vice Chairman Lee replied, "We plan to conduct the 40th anniversary event of the National Unification Advisory Council, which has worked domestically and internationally for the Korean Peninsula peace process, meaningfully by combining online and offline formats."

President Moon told Chairperson Song, "Human rights require continuous effort, and new challenges keep emerging, making it like cutting through water with no end or completion." He added, "Even in labor, issues such as the human rights of platform workers and human rights problems caused by COVID-19 polarization are newly emerging."

He continued, "If we inform the public about the progress made in human rights, the people will sympathize with and support the Human Rights Commission."

Chairperson Song expressed gratitude to the president for supporting the role of the National Human Rights Commission and explained, "We are planning a meaningful and significant ceremony to mark the 20th anniversary of the National Human Rights Commission this year, launching National Human Rights Commission 2.0 at the birthplace of democracy."

President Moon told Chairman Park that the New Southern and New Northern diplomacy are among the government's most important brands, and as an expert on Russia, he urged him to fulfill his duties in promoting the New Northern policy to realize diplomacy that traverses Eurasia during the remaining term.

In response, Chairman Park said, "I thought President Moon had fulfilled his role just by announcing the New Northern Policy and establishing the Northern Economic Committee, so I am grateful to be appointed as Chairman of the Northern Economic Cooperation Committee." He added, "I will also successfully complete the 'Nine Bridge Project,' a New Northern Economic Cooperation policy."

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