Gov't reviews credit scoring system to widen access for low-credit borrowers
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The government is reviewing possible changes to the credit scoring system aimed at expanding access to financing for low- and middle-credit borrowers, according to the Financial Services Commission (FSC) on Thursday. The financial regulator said discussions are underway as part of broader efforts to strengthen the Lee Jae Myung administration's inclusive finance agenda. "We are discussing various measures to promote inclusive finance in a broader sense. The focus is on improving long-standing pr
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