As part of the government’s broader push to expand access to mainstream lending for vulnerable and lower-credit borrowers, the Financial Services Commission (FSC) is set to launch a task force next month aimed at reshaping a finance system that has long favored super-prime clients, its chairman said Thursday. During a press conference, FSC Chairman Lee Eog-weon said government efforts have so far focused largely on emergency relief measures for people pushed outside the institutional lending system, including state-led debt relief programs and credit forgiveness initiatives. “But now, we plan to go a step further. We want to address the underlying structures that continue to create these social and economic vulnerabilities in the first place,” he said. The task force will be divided into four working groups. Its agenda includes ways to embed inclusive finance more deeply into corporate governance — such as the appointment of chief inclusive finance officers — as well as reviewing whether rigid prudential regulations can be made more flexible to better support underserved borro
