Corona loan interest rate cut in January next year… Expansion of individual stocks

Input 2020.12.30 13:54

From January next year, guarantee fees and interest rates for the secondary financial support program for small businesses will be cut. In addition, from the second half of next year, the legal maximum interest rate will drop from 24% a year to 20% a year, and in July, the ‘4th generation bad health insurance’ will be launched, which relieves the burden of insurance premiums for consumers with low medical use.

On the 30th, the Financial Services Commission introduced 29’financial systems that will change from the New Year 2021′, including these contents. By field, ▲ Corona Financial Support (4) ▲ Financial System Reorganization (6) ▲ Reinforced Financial Consumer Protection (6) ▲ Financial Convenience (5) ▲ Financial Publicity and Inclusiveness (8).

First of all, we will continue to provide financial support for Corona. From January 18 of next year, it has decided to lower the guarantee fee and interest rate for the second corona loan (secondary financial support program for small businesses). A third corona loan worth 3 trillion won will also be prepared for small business owners who are renting a group restricted business such as restaurants, cafes, PC rooms, and karaoke rooms. The’good landlord’, who reduces the rent of the shopping mall, is also temporarily included in the second corona loan and the IBK’s’Haenaeri loan’ support until next June.

From January 4 of next year, we will introduce a factoring business that is not responsible for repayment by sales companies to support small and medium-sized businesses.In addition to corona victims, debtors who have low repayment capabilities will be deferred to repay loans for up to one year regardless of the delinquency period I made it possible to receive.

A system reorganization is also taking place for innovative growth in the financial sector. The amount of public offering stock general subscribers will be expanded from the current 20% to a maximum of 30%. In order to revitalize investment by general investors, from January 1 to IPO, the allocation of general subscribers will be increased by 5% (P). From July, banking applications (apps) will be able to use not only banking, but also new services such as food ordering and payment. The ISA (Individual Comprehensive Asset Management Account) system, which was originally scheduled to be operated temporarily until next year, will also become permanent, and from January, not only policyholders but the general public can enjoy the health care services provided by insurance companies.

It also strengthens the protection of financial consumers. From the second half of next year, the legal maximum interest rate applied to financial companies will be reduced to 20% per year. In March, the Financial Consumer Protection Act is enforced, allowing the exercise of the right to withdraw subscriptions, which can be freely terminated within 7 to 15 days depending on financial products. Starting in July, you can get your money back easily and inexpensively if you make a mistake by mistake. When providing personal information required by each company in order to subscribe to financial products, the system that shows the level of privacy invasion risk through’grade’ will be implemented from February next year.

Irrational practices and regulations are also expected to improve significantly. On July 1 of next year, a new real-loss medical insurance is expected to be launched. The product structure is divided into pay and non-payment guarantees, and for non-payment special contracts, the premium differential system is applied according to the amount of medical use. It can catch the main culprit that raises overall insurance premiums through frequent use of medical services such as manual therapy, and relieve the burden of insurance premiums for consumers with little medical use. The re-registration cycle will also change from 15 years to 5 years. From January 1, a fee cap and installment payments will be introduced for recruitment workers of insurance companies for the first year of the contract. It is to improve problems such as mass production of migratory birds and predators that arise from excessive prepayment of recruitment fees in the early stage, and unhealthy recruitment.

From the second half of next year, the Financial Complex Enterprise Group Supervision Act will be implemented. Designated financial groups excluding financial holding companies and state-run banks among financial assets of KRW 5 trillion or more, such as Kyobo, Mirae Asset, Samsung, Hanwha, Hyundai Motors, DB, etc., and manages and supervises internal control, risk management, soundness management, and disclosure. Is done. From February, even low-credit and low-income families will be able to receive support for school expenses through microfinance, and the interest rate for education expenses for the vulnerable will be cut from 4.5% to 2-3%. Starting in June, a pension that automatically transfers pension rights to a spouse upon the death of a subscriber is permitted, and a new bankbook that prohibits seizure up to 1.85 million won per month will be introduced. From July, excessive profit provision to corporate members of credit card companies is prohibited.