[2022 National Audit] Yoon Hee-seong, CEO of KDB, "Considering Additional Special Interest Rate Cuts for SMEs"

[Image source=Yonhap News]

[Asia Economy Reporters Song Hwajeong and Yoo Jehoon] Yoon Heesung, President of the Export-Import Bank, stated that he would consider further lowering interest rates to support small and medium-sized enterprises (SMEs).

On the 19th, during the National Assembly's Planning and Finance Committee audit, when Seo Younggyo, a member of the Democratic Party of Korea, urged, "I understand the profits this year have been quite high, so please implement bold policies such as lowering interest rates further for SMEs," Yoon responded accordingly.

When Representative Seo inquired about the support measures for SMEs and how much the interest rates had been reduced, Yoon said, "Interest rates have been lowered by more than 1 percentage point compared to before the special reduction program was implemented," adding, "I will look into whether further reductions are possible."

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