14. Government Support Measure for Low-income Earners

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14. Government Support Measure for Low-income Earners

On-going effort to support low-income earners has been and still is one of the top priorities for the government. To help allay financial burden of those people who are using private lending service companies paying excessively high interest rate, 49% per annum, which is a lingering problem.  FSC will provide 10 trillion won in loans to below-average credit rating holders, with leverate of 5 times of the fund. Also FSC is going to lower the maximum interest rate private lenders can chard from current 49% to 39% within one year. To see more, please visit at visit at http://www.fsc.go.kr/eng/index.jsp

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