FSC chief vows financial support packages for firms affected by Middle East crisis
Published: 19 Apr. 2026, 16:41
![Financial Services Commission Chairman Lee Eog-weon speaks during a meeting on support measures for the Middle East crisis-hit sectors in Seoul on April 17. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2026/04/19/b0289803-a955-4f3b-9791-2ee784d13a8d.jpg)
Financial Services Commission Chairman Lee Eog-weon speaks during a meeting on support measures for the Middle East crisis-hit sectors in Seoul on April 17. [YONHAP]
The chief of the country's financial regulator said on Friday that banks and state-run lenders will provide a set of financial support packages to companies affected by the Middle East crisis to ease their financial burdens and potential liquidity shortages.
In a meeting with heads of steelmakers and sector-related firms, Lee Eog-weon, the chairman of the Financial Services Commission (FSC), said that policy lenders are set to provide a total of 25.6 trillion won ($17.4 billion) in loans to companies facing troubles in the wake of the Middle East crisis.
Banks and other financial companies have also drawn up a support package totaling over 53 trillion won, according to Lee.
“We are taking timely measures to help crisis-hit companies overcome liquidity shortages and other troubles,” Lee said, noting that the support measures may be added depending on the situation.
Regarding the steelmaking sector, the financial authorities will support businesses' reorganization and improve their financial status via a 1 trillion won fund aimed at supporting business overhaul.
Yonhap
with the Korea JoongAng Daily
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