All industries, including the retail and service sectors, will be able to apply for loans secured with movable collateral. Smaller companies, in particular, could benefit from the move, as the revised standard for movable assets include a large portion of their assets. Movables account for 38 percent of all assets owned by small and medium-sized enterprises, and property makes up 25 percent of those assets. Only 0.05 percent of their movable assets were used as collateral, the FSC said. The value of corporate loans based on movable assets stood at 250 billion won ($231.8 million) at the end of 2016. As for infrastructure, the Financial Services Commission will promote the use of technology such as the Internet of Things and big data to assess and monitor the state of assets. Choi demonstrated an Internet of Things device that manages moveable collateral on Wednesday at the headquarters of the Korea Machinery Auction & Exchange in Gyeonggi. Financial authorities said they would inject 1.5 trillion won in the moveable collateral market over three years with an aim of expanding its size to 3 trillion won in 2020 and 6 trillion won in 2022. The Industrial Bank of Korea will provide 1 trillion won in loans based on machinery and inventory. The Korea Credit Guarantee Fund, a state-owned body, will offer 50 billion won worth in loans that can be secured with moveable assets.