The Financial Supervisory Service(FSS) has begun devising financial support measures aimed at minimizing losses for South Korean firms operating in the now-suspended Gaeseong Industrial Complex.
 
FSS Chief Zhin Woong-seob convened an emergency meeting on Thursday and said the agency will provide support aimed at resolving financial troubles that South Korean firms are expected to face. 

Under the measures, the agency will monitor on a daily basis the financial health of the South Korean companies that operate in the industrial park.
 
The agency will set up a consultation team tasked with identifying any financial fallout for the 124 businesses. Starting from Thursday, the agency also began to receive requests for financial help from the companies as well as their contractors.
 
Zhin urged for cooperation from banks and insurance companies, asking them to refrain from indiscreetly collecting loans or raising interest rates on loans for the relevant firms. 
 
The amount of credits provided by financial institutions to the 124 firms stood at one-point-one trillion won, or roughly 914 million U.S. dollars, as of last November.