0527 GMT August 20, 2019
Under the envisioned plan, local banks will choose self-employed businesses deemed to require expert advice, and then relevant organizations will offer the consulting services, according to the Financial Supervisory Service (FSS), yonhapnews.co.kr reported.
In case any financial help is needed to put the advice into practice, banks or related state entities will provide policy funds or loans at lower rates, the FSS said. It added that this system linking counseling services with financial aid will be established this year.
"Self-employed people have been in difficult circumstances due to stagnant sales and rising costs," FSS Gov. Yoon Suk-heun said, vowing to come up with diverse measures to support them.