SK Smile Microcredit Bank Foundation, since 2009 ordinary financial loans exceeded 200 billion

[Korea goyounghun financial newspaper reporter] SK smiles financial performance of the loan Foundation for financial support underprivileged rehabilitation topped 2,000 billion.

SK Group last December 2009, SK Smile Microcredit Bank Foundation to establish a jeosinyong, low-income financial marginalized the target with a smile loans total 200 billion won to one 10 000 8105 people, including financial loans since it began work self-employed until February 22 2017 one that said that the aggregate 27 days.

SK loans smile of a financial foundation for a break after the May 7, 2014 surpassed 100 billion won to 150 billion won in November 2015, topped 200 billion won again in just 15 months.

SK Smile Microcredit Bank Foundation is the promotion of micro-finance loans intended for 'visiting services, mainly to build a total of 21 branches nationwide and regional self-employed, which is difficult to find direct loans to traditional financial markets and marginalized areas of the country.

SK Smile Microcredit Bank Foundation supports, such as start-up funding of up to 70 million won to small business owners, etc. funded by contributions by the SK Group appeared and operating funds (annual interest rate 3.5-% ~ 4.5%) (2.5% annual rate), the National Housing Tenancy Deposit and.

SK Smile Microcredit Bank Foundation official explained, "because the differentiation factors such as rapid growth has financial SK smile" Getting Service "initiated at the suggestion of one of the products developed to meet the specific needs seomincheung and SK Group Chairman Chey Tae-won of loan performance."



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FSC, twice a year by expanding the branch Ombudsman ordinary session

[Korea goyounghun financial newspaper reporters] to expand the financial authorities of the two circuit by the Ombudsman ordinary meetings once per quarter in the previous quarter for an in-depth review of the agenda for such grievances and complaints of consumer protection in financial companies.

Financial Services Commission has announced a 'Ombudsman first anniversary of operating performance and future plans "included these details 26 days. FSC was launched in February last year, Ombudsman for the implementation and financial consumer protection watchdog role for financial regulation. Ombudsman may consider to seven consists expertise and financial laws voted by external recommendations manner. Current Chairman and enteric Investor Protection Foundation and held regular meetings on a quarterly basis.

In July last year, it stated Tuesday in effect, whether such sanctions in accordance with the operating regulations for a total of 565 cases Shadow Financial Regulatory scene, reviewing the results were issued to non-action comments. Deliberation about the shadow quality regulations in 46 cases eopgwon and voted.

Also consider investigating the transfer Bankers Association, Saint-Insurance Association, the Korea Financial Investment Association, the goddess Association, the Korea Exchange, the savings in form validity and excessive regulation and whether or not for a self-regulatory organizations, including the Korea Federation of Banks. 99 245 cases of self-regulation affecting citizens rights has also recommended overhaul.

Financial companies were seeking improvement through the nine meetings against 11 cases filed civil complaints anonymously via portals such as financial regulatory complaints. Based on this review, and adjust downward to 18 years of age postpaid traffic card issued only a combined debit cards, also plans to improve the website to enhance consumer convenience.

FSC japyeong side was that the financial crisis last October, performing a bridge between the two agencies seeking in-depth institutional improvement through the FSS joint meeting with the Ombudsman.

FSC official said, "we will discuss mainly the result of conduct on-site inspection Monthly Theme Support Group" and "Checking the results expected from the review process will also reflect further improvement through independent and objective vision of the Ombudsman".

In the first half of the Ombudsman it plans to open a blog, and the general public to promote reconciliation, strengthen the various anonymous reporting channels.



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