At the National Policy Committee, lawmakers called for a review of the budget for the Financial Services Commission’s debt-forgiveness program for small business owners hit by COVID-19. They said the plan may include bonds that are legally hard to collect and can be purchased cheaply, as well as bonds that public institutions can unwind on their own, which could have inflated the budget beyond what is actually needed.
According to the National Policy Committee’s review report on the Financial Services Commission’s 2027 budget dated the 11th, Senior Expert Staffer Kwak Hyeon-jun said the FSC should reexamine the size of the target bonds and the budget for next year’s purchase program for long-delinquent debt owed by small business owners…