Financial Services Commission Signs Agreement with Gangwon Province to Strengthen Inclusive Finance Comprehensive Support

Public-Private Partnership Supports for Low-Income Groups

Policy Finance, Debt Adjustment, Employment and Welfare Services All in One

A Comprehensive Financial Support Center to assist low-income and vulnerable groups will also open in Gangwon Special Self-Governing Province.

Lee Eokwon, Chairman of the Financial Services Commission, is attending the Parent Fund - National Growth Fund Relay Meeting held at SVC in Mapo-gu, Seoul on the 23rd, greeting businesspeople. 2026.06.23 Photo by Dongju Yoon

The Financial Services Commission announced that on September 4, Lee Eogwon, Chairperson of the Financial Services Commission, signed a business agreement at the Shinhan Bank head office in Jung-gu, Seoul, with U Sangho, Governor of Gangwon Special Self-Governing Province, Kim Eunkyung, President of the Korea Inclusive Finance Agency, Jeong Sanghyeok, CEO of Shinhan Bank, and others, to strengthen support for low-income and vulnerable groups in the Gangwon region and to enhance localized comprehensive support.

The Financial Services Commission is currently working to establish a regional cooperation system through public-private partnership, aiming to provide financial stability and lay the foundation for economic self-reliance for vulnerable groups within each region.

Currently, there are four centers in operation in the Gangwon region. Although Gangwon's land area is 30 times greater than that of Seoul, it has two fewer centers. The number of people benefiting from comprehensive support linkage in Gangwon is only about 10% of that in Seoul.

The organizations participating in this agreement plan to establish the "Gangwon Comprehensive Center for Inclusive Finance," which will bring government-run comprehensive support systems and private sector financial services together under one roof.

Various institutions will be housed within the center, offering one-stop services for policy-based inclusive finance, debt adjustment, employment and welfare support, as well as financial consultations from private financial companies—all aimed at serving the local community.

In addition, in partnership with Shinhan Bank, they plan to launch specialized savings and loan products, such as preferential interest rates, targeted at local residents who utilize the comprehensive support center.

For residents who have difficulty visiting the center, there will be strengthened "mobile comprehensive support" services deploying staff to the community.

Chairperson Lee stated, "The Financial Services Commission will continue working to ensure that all citizens, regardless of where they live, can fully benefit from comprehensive support. We will also pay closer attention, in collaboration with relevant agencies, so that vulnerable people in Gangwon can recover their footing with dignity as members of society."

Governor U added, "The difficulties faced by vulnerable groups cannot be solved by financial measures alone. I hope this agreement, which connects financial services with employment and welfare support and helps foster real economic self-reliance, will become a strong pillar for residents facing hardship and help them rise again."

This agreement follows previous initiatives in Busan, Gwangju, and Jeonbuk, and is the fourth of its kind. The Financial Services Commission plans to continue expanding localized comprehensive support nationwide. It will keep uncovering and promoting customized support that fits the characteristics of each region through ongoing collaboration among the relevant agencies.

This content was produced with the assistance of AI translation services.