Kim So-young, Vice Chairwoman, "Non-performing Loan-Free Lending Industry Must Manage Liquidity and Soundness More"

The 13th Yeosin Financial Forum

Amid increasing political and economic uncertainties during the martial law and impeachment crisis, Kim So-young, Vice Chairman of the Financial Services Commission, emphasized that "the credit finance sector, which lacks deposit-taking functions, can be more significantly affected by financial market volatility than other financial sectors, making market trust extremely important." She urged, "It is necessary to proactively secure sufficient liquidity and actively manage soundness indicators."

Vice Chairman Kim made these remarks at the 13th Credit Finance Forum held in the afternoon under the theme "Status and Outlook of the Credit Finance Industry in 2025," stating, "Despite recent domestic political uncertainties, financial authorities will monitor the financial market situation 24 hours a day to stabilize the market and promptly implement necessary market stabilization measures."

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She continued, "While ongoing domestic and international uncertainties and changes in the financial system due to technological advancements may be perceived as a crisis by existing financial companies, it is possible to turn this into an opportunity for sound growth and development by maintaining soundness and seeking new growth engines."

She explained that card companies can grow into big data-based platforms using payment infrastructure and payment data, while capital companies can find new opportunities in the subscription and sharing economy markets by leveraging their expertise in asset-based finance. Vice Chairman Kim also stated, "Furthermore, the government will actively improve institutional support where necessary to enable new technology finance businesses to actively play a role in supplying and intermediating private funds in the venture investment market."

She added, "The credit finance sector has contributed to economic development by providing credit necessary for various consumer activities and supplying growth funds to innovative companies. Despite recent changes in the economic environment and the emergence of various competitors, the sector has the capability to leap forward based on its accumulated know-how and business foundation."