Korea Yoon Orders FSC to Take Steps on Banks’ ‘Money Feast’ (1)

South Korean President Yoon Suk Yeol ordered Financial Services Commission to prepare measures as people are suffering from high interest rates of banks, Yoon’s spokeswoman Kim Eun-hye says on Monday.

• Banks should share profits with people who face difficulties, self-employed people and small business owners; it would be appropriate to build up reserves in preparation for future financial market instability, Yoon said in a weekly meeting with his senior secretaries
• Yoon ordered financial regulator to come up with relevant measures to prevent the public from feeling uncomfortable with banks’ “money feast”
• Separately, presidential office said in statement that South Korean ...