Lessons from efforts of the Republic of Korea to help financially vulnerable borrowers before the pandemic can help shape effective measures.
Korea Institute of Finance (KIF)
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Korea Institute of Finance (KIF)
The Korea Institute of Finance provides expert analysis for the development of the Republic of Korea's financial sector and financial policy.
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SDG: Goal 8: Decent Work and Economic Growth; Goal 10: Reduced Inequalities
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SDG: Goal 3: Good Health and Well-being; Goal 8: Decent Work and Economic Growth; Goal 9: Industry, Innovation and Infrastructure
Governments should provide policy and financial support to industries that shift to remote or noncontact transactions to cope with COVID-19.
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SDG: Goal 13: Climate Action; Goal 17: Partnerships for the Goals
This piece discusses how central banks can take the lead in addressing climate-related risks in the finance sector.
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SDG: Goal 1: No Poverty; Goal 10: Reduced Inequalities
A high poverty rate among older persons in the Republic of Korea calls for better pension services and welfare programs.
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SDG: Goal 9: Industry, Innovation and Infrastructure; Goal 17: Partnerships for the Goals
Knowledge of a startup’s technology, human resources, marketability, and growth potential lowers the risks of venture capital investments.
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SDG: Goal 11: Sustainable Cities and Communities; Goal 12: Responsible Consumption and Production
The idea behind shared responsibility mortgage is to link the principal balance and interest payments to a house price index.
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SDG: Goal 9: Industry, Innovation and Infrastructure
In the Republic of Korea, large financial firms should lead efforts to support high-risk, high-return intellectual property investments.
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SDG: Goal 9: Industry, Innovation and Infrastructure; Goal 10: Reduced Inequalities
Promoting responsible lending practices on online peer-to-peer platforms builds market trust and deters the need for further regulation.
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SDG: Goal 9: Industry, Innovation and Infrastructure
The Republic of Korea wants to help businesses to secure loans using movable assets, including goods, receivables, and intellectual property.
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SDG: Goal 10: Reduced Inequalities
In the Republic of Korea, there is a need for a consolidated database to provide timely market information on self-employed workers by region and business sector.