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The Korea Inclusive Finance Agency must redraw a budget plan that assumed the launch of a new inclusive finance stability fund early next year, after the National Assembly moved to prioritize extending the sunset on financial firms' mandatory contributions instead of creating the fund. Keeping the contribution scheme alive preserves an existing levy on banks, card issuers and other lenders rather than shifting policy-lending funding to a new vehicle, so the near-term earnings drag on Korean financial-sector equities stays roughly unchanged while the funding structure for low-credit household lending remains unresolved. The next checkpoint is the budget submission expected around October and the final legislative decision on the sunset extension, which will determine both the size of the levy and the supply of policy microcredit.
As a Policy signal, watch whether it changes price action, volatility, or flows around KOSPI.
Original Source: 연합인포맥스
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