Independent presidential candidate Ahn Cheol-soo has drawn up a list of potential reforms and policies for the Korean financial market with the priority given to boosting start-ups, protecting consumers and helping credit delinquents to get back on their feet.
The Ahn camp’s reform plans revealed Sunday also include restructuring and overhauling the Financial Supervisory Commission, Korea’s financial regulatory and policymaking body that has been highly criticized for failing to monitor and prevent a number of savings banks mainly serving low and mid-income groups from malpractice and collapse.
Ahn’s top priority is introducing a variety of funding sources for start-ups and entrepreneurs by increasing the funds managed by state-run Korea Venture Investment and crowd-funding.
Read More at KoreaHerald