Incheon City to Provide Financial Counseling Services to Financially Marginalized Groups Starting March

[Asia Economy Reporter Park Hyesook] Incheon City will operate a 'Financial Exclusion Group Financial Clinic' starting in March for small business owners and financially marginalized individuals experiencing economic difficulties due to COVID-19.

This project aims to prevent and resolve applicants' financial risk factors in advance, helping them achieve economic stability and independence. It is available through the Incheon City Small Business Owner and Low-Income Financial Welfare Support Center.

Financial counseling involves an in-depth consultation tailored to each applicant's financial situation, including checking financial status, improving financial structure, and establishing consumption budgets and savings plans according to financial goals. Professional financial counselors will visit and conduct one-on-one face-to-face sessions.

Additionally, for applicants who have excessive debt and difficulty with repayment, guidance on debt adjustment applications such as workout, individual rehabilitation, and personal bankruptcy will be provided, along with cost support. This service will be offered on a first-come, first-served basis until the budget is exhausted.

For more details, please visit the Incheon City Small Business Owner and Low-Income Financial Welfare Support Center website.

Incheon City also plans to sequentially announce and carry out financial education and debt adjustment support projects according to schedule.

This content was produced with the assistance of AI translation services.