Yi Whan-woo is a Korea Times journalist primarily covering finance. He writes in-depth articles on macroeconomy and financial markets and previously covered sports, politics, diplomacy and inter-Korean affairs, among others. Feel free to contact him at yistory@koreatimes.co.kr.
FSS to protect borrowers
Financial Supervisory Service (FSS) Governor Lee Bok-hyun, front row fifth from right, poses with CEOs of 17 commercial banks at the Korea Federation of Banks in central Seoul, Wednesday. Lee asked the CEOs to take preemptive measures to cope with the erosion of household wealth due to high interest rates and soaring household debts. He specifically addressed borrowers' demands to lower the loan rate and delay repayments. Yonhap
By Yi Whan-woo