FSC Chairman holds meeting with heads of research institutionsDec 18, 2023

Chairman Kim Joo-hyun of the Financial Services Commission held a meeting with the heads of major research institutions from both the public and private sectors on December 18 and discussed financial market conditions and policy outlooks for the upcoming year. Speaking about potential risks associated with the real estate project finance market and high levels of household debt, Chairman Kim said that it is necessary to effectively manage these risks and provide assistance to the households and businesses struggling with economic difficulties. At the meeting, the heads of research institutions made policy recommendations on various areas, including ways to better manage risks in financial markets, bolster support for vulnerable groups and strengthen future competitiveness of the financial industry. The FSC plans to draw up and announce financial policy agendas for 2024, which will actively take into account policy recommendations and suggestions raised by research institutions at today's meeting.