President Moon Jae-in said, "Our economy is recovering rapidly," and emphasized, "By utilizing this trend, we will focus our efforts on an inclusive recovery that will accelerate the timetable for economic recovery as much as possible and minimize corona inequality."
President Moon said at a state council meeting presided over at the Blue House today (30th), "The IMF also predicted that Korea's economic growth rate would increase by 0.5% from the original forecast to 3.6%," he said.
He said, "Please make special efforts so that the 4th disaster subsidy can be paid as quickly as possible, and that the newly added support for farmers and fishermen can be quickly implemented."
In addition, regarding the resolution of the Interest Restriction Act and the Enforcement Decree of the Loan Business Act, which cut the legal maximum interest rate to 20%, "the interest burden on high interest rate debtors of 2.80 million has been greatly reduced." I am very happy to be able to do so.”
President Moon said, "In order to reduce the financial burden of the common people and the vulnerable, we have strongly promoted'inclusive finance' policies such as lowering interest rates, debt adjustment system, and limiting delinquent interest. "The number of defaulters in financial debt has dropped significantly to the level of 800,000 in February."
President Moon urged the financial authorities and the financial industry to "do our best to broaden the base of inclusive finance in the future."
(Photo = Yonhap News)