FSC Chairman Kim Joo-hyun attended a seminar on boosting the competitiveness of artificial intelligence (AI) in financial sectors hosted by Korea Credit Information Services on May 17 and delivered congratulatory remarks. At today’s seminar, experts from both public and private sectors shared key trends of AI usage in financial sectors and discussed policy strategies to boost the competitiveness of the financial industry. In his speech, Chairman Kim said that recent development of hyper-scale, generative AI has put a new spotlight on the potential of AI and urged financial institutions to invest in AI and make use of the technology to enhance the global competitiveness of domestic financial businesses. Chairman Kim also said that the FSC has been working to embrace the use of AI in financial services and will continue to provide active support in this regard.