Lee Jaemyung backs banks' quasi-public role and urges inclusive finance

3 articles · Updated · asiae.co.kr · May 6

At a Blue House cabinet and emergency economic meeting on 6 May, Lee told policy chief Kim Yongbeom to proceed despite criticism of his holiday social media posts.
Lee said banks, funded through the state's currency system and lending, should not chase only high-credit customers while pushing medium- and low-credit borrowers toward secondary lenders or private loans.
He said inclusive finance is a core duty because ordinary citizens are finding access harder, and argued specialised lenders and other financial firms exist to help maintain national economic order.

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