A new task force to monitor banks' progress in disposing of their sour loans will be set up within the Financial Services Agency by the end of March, it was learned Sunday.
The proposal is included in a package of specific measures -- aimed at speeding up bad-loan disposal and reviving the financial sector -- that is to be announced by the government by the end of the month.
Sources said that in addition to the new task force, the package will recommend that the Financial System Council discuss whether to draw up new legislation to pave the way for the injection of public funds into banks.