This Amendment aims to reflect the detailed policy tasks in Measures to Secure Microfinance (announced on Dec. 24, 2019) to establish a sustainable structure for providing microfinance.

Therefore, this Amendment aims to expand the scope of financial companies subject to microfinance contributions to include banks, insurance companies, specialized credit financial businesses, etc., reform the dormant deposit contribution system into a system for transferring long-term non-transactional financial assets without statute of limitations as a precondition, and modify the governing structure and account structure, etc., of the Korea Inclusive Finance Agency to improve efficiency and transparency of microfinance operations.