A. Preparation of operation committee’s recommendation standard of the Korea Inclusive Finance Agency (Draft Article 13-2)
Recommendation of operation committee members by the heads of two financial institutions with the largest accumulated funding among financial institutions of the Korea Financial Investment Association
B. Improvement of matters needed to operate the Small-Loan Finance Integrated Support Center and Small-Loan Finance Integrated Support Center Operation Committee (Draft Article 22-2 and Article 22-3)
The work of the Small-Loan Finance Integrated Support Center deals with overall activities to support the life of small-loan finance including credit guarantee and capital loan for ordinary persons. The Small-Loan Finance Integrated Support Center consists of the Vice-Chairperson of the Korea Inclusive Finance Agency, Secretary General of the Credit Counseling & Recovery Service, each one person assigned by the Korea Inclusive Finance Agency and Credit Counseling & Recovery Service, and the Financial Consumer Division Manager of the Financial Services Commission.
C. Preparation of detailed standard for financial institutions’ funding system (Draft Article 42, Appendix Table 1)
The loans for funding by financial institutions in accordance with Article 47.2 of the Act on Support for Small-Loan Financial Life are prescribed, the funding ratio of each of the financial institutions is decided as 0.03 % a year, and the funding ratio stated in Appendix Table 1 is imposed on the credit guarantee amount under Article 47.3 of the Act.
D. Addition of subjects for concluding a credit recovery support agreement with the Small Business Owner Market Promotion Complex and Small Business Owner Support Fund (Draft Article 55.1.16)
The Small Business Owner Market Promotion Complex and Small Business Owner Support Fund are added as subjects for concluding a credit recovery support agreement in accordance with the Act on the Protection and Support of Small Business Owners with the establishment of Article 55.1.16.
