Kim Yong-beom Emphasizes the Need to Improve the Financial Structure Centered on High-Credit Borrowers
Restructuring inclusive finance, identifying the limitations of finance centered on high-credit borrowers and presenting alternatives See how a new financial order can be established through the elimination of financial exclusion and the expansion of credit assessment
Kim Yongbeom, Chief Policy Secretary at the Blue House, said on the 3rd that the financial structure built around highcredit borrowers must be changed. He pointed out that the way credit is judged solely based on past delinquency records or card history works against vulnerable groups.
In a post on social media, Kim explained that Korea's financial system has a dual structure divided between highcredit customers and financially excluded groups. He went on to suggest that banks' riskaverse structure should be reformed, credit assessment criteria broadened, and the role of financial institutions for ordinary people should also be redefined.
He emphasized that a lack of financial history does not mean an inability to repay, and that inclusive finance should not be treated as a separate slogan but should begin with changing the financial structure itself.