FSC Chairman’s Meeting with Financial Holding Companies

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Hello all 😀
If you had a look at my calendar, you would know that there was an important meeting today. That’s the FSC Chairman’s meeting with the representatives from the major financial holding companies in Korea.

During the meeting, Mr. Kim Seok-Dong, the Chairman of FSC, addressed several measures to be promoted by government authorities in cooperation with the financial holding companies. Mr. Kim acknowledged that the major financial holding companies are playing a leading role in our economy. “The current financial crisis is expected to be overcome, if government authorities and financial holding companies are working closely to boost our economy. Once getting over this challenge, our economy will become a ‘world-class’ economy with further economic and financial capabilities”, said Mr. Kim.

Mr. Kim emphasized that the significance of ‘cooperation’ between government authorities and financial sector. It was confirmed once again that the FSC will continuously work on the stability of financial market and advancement of financial sector. Adding to this existing paradigm, the FSC will also focus on protection of consumers and investors. This is because the global financial paradigm is in transition now, which means that the FSC needs to adopt a new trend to promote a better and more competitive financial system. Keep your eyes on this grand plan and see how responsive FSC is through its policy measures.

Cheers,
Frank

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