Chairman Kim Joo-hyun of the Financial Services Commission presided over the meeting of the Central Disaster Management Headquarters joined by related financial institutions and private sector experts at the Korea Development Bank’s Digital Square located in Hanam-si, Gyeonggi-do on October 30. At the meeting held as part of the Korea emergency response simulation exercise aimed at keeping electronic financial system safe from cyberattack, Chairman Kim and the participants checked how to respond to the possible disruption of the electronic financial system caused by a distributed denial-of-service (DDoS) attack. Chairman Kim asked for paying special attention to digital infringement and threats, underscoring the importance of a prompt implementation of proper actions against illegal practices. In closing, Chairman Kim remarked that the authorities will seek more efforts to make improvements and strengthen response in order to effectively cope with cyberattacks.