FSC Chairman Shin Je-Yoon visited Seoul Gyeongun School, a school for disabled children, and participated in a conference to discuss measures to ease financial regulations for the handicapped.
Chairman Shin pointed out that the financial sector so far has not been paying enough attention to the socially vulnerable people and emphasized that it is time for the industry to put more efforts in satisfying each individual’s financial needs rather than seeking profits.
To do so, he promised that the government will abolish red tapes that restrict disabled people’s financial accessibility while increasing related infrastructure and services.
In particular, the FSC plans to revise insurance terms to for the disabled to but life insurance and eradicate insurance companies’ current practice of declining insurances.
Moreover, the FSC will strengthen financial education for the disabled individuals so that no one would experience any financial inconveniences or disadvantages due to their physical conditions.