Kim Byunghwan: "Policy Loans This Year to Be Supplied at Last Year's Level"

Kim Byung-hwan, Chairman of the Financial Services Commission. Photo by Jo Yong-jun

Kim Byung-hwan, Chairman of the Financial Services Commission, announced that the amount of policy loans supplied this year will be maintained at last year's level.

Chairman Kim attended the plenary session of the National Assembly's Political Affairs Committee on the 18th and stated, "We are in the final stages of discussions to supply policy loans such as Didimdol and Beotimok loans at last year's level of 55 trillion won, and plan to announce it within this month."

In response to a question from Kim Yong-man, a member of the Democratic Party of Korea, regarding the household loan supply target, he explained, "Under the goal of managing the household loan growth rate within the nominal growth rate (3.8%), consultations with the Ministry of Land, Infrastructure and Transport are in the final stages."

Assemblyman Kim requested a prompt confirmation of the exact scale, saying, "The scale of policy loans, which is usually decided in January, has not yet been determined, making it difficult for commercial banks to manage loans."

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