The South Korean ruling party and government have identified twelve key legislative initiatives aimed at improving the capital markets and responding to the economic challenges posed by increased fuel prices, particularly those affecting small and medium-sized enterprises (SMEs) and small business owners. In a recent press conference, Democratic Party Member Kim Nam-keun stated that these legislative measures would include regulatory updates to consumer finance laws, as well as initiatives aimed at protecting victims of fraud and enhancing transparency and fairness in financial markets.

In addition to legislative measures, the government has recognized the need to provide direct financial support to SMEs and small business owners burdened by surging fuel costs, which have escalated due to the ongoing Middle East situation. One proposal discussed was the allocation of supplementary budget funds to IBK (Industrial Bank of Korea) to help lower interest burdens for small business loans. This move is considered essential for stabilizing the financial health of a segment of the economy that has faced unprecedented challenges in the wake of global price hikes.

Discussions also focused on addressing the disparities in interest rates between various financial products, particularly for those in need of special guarantees. In a bid to promote fairness, Kim proposed a system that would provide refunds to borrowers who have consistently made payments on special guarantee loans over a six-month period. The government's recognition of these financial pressures signals an urgent adaptive response to the inflationary environment small and medium-sized enterprises face today.