FSC Vice Chairman Kim So-young met with the Bank of Thailand's Deputy Governor Ronadol Numnonda and held talks on Korea's policy experience with internet-only banks on September 25. The Bank of Thailand requested for a meeting with the FSC to seek policy consultation as it has been seeking to introduce a guideline on virtual banks. At the meeting, Vice Chairman Kim explained the Korean government's experience of embracing internet-only banks as well as some of their achievements and asked for Bank of Thailand's cooperation and support to allow Korean financial companies to participate in the future licensing process for virtual banks in Thailand. Prior to the high-level meeting between Vice Chairman Kim and Deputy Governor Numnonda, a working-level staff meeting was held for sharing more detailed information about Korea's policy experience with internet-only banks.