[2022 National Audit] Kim Juhyun "Considering Expanding Support Targets for Anshim Conversion Loans"

[Image source=Yonhap News]

[Asia Economy Reporters Song Hwajeong and Song Seungseop] Kim Juhyun, Chairman of the Financial Services Commission, stated that he is considering expanding the eligibility criteria for the Anshim Conversion Loan program.

On the 24th, during the National Assembly's Political Affairs Committee audit, Kim responded to the independent lawmaker Yang Jeongsuk's criticism that the effectiveness of the Anshim Conversion Loan is diminished due to criteria such as combined spousal income and housing prices.

Chairman Kim said, "The Anshim Conversion Loan was originally limited by funding, prioritizing those in need. As pointed out, we are considering relaxing the loan eligibility criteria so that more people can benefit, and we will take immediate action."

Regarding lawmaker Yang's remarks on the New Start Fund needing improvements in conditions for delinquent borrowers, Kim replied, "Easing conditions for delinquents could lead to moral hazard and other issues, so it could become another problem. Since it started in October, we will monitor the progress a bit longer."

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