Vice Chairman Kim Soyoung of the Financial Services Commission presided over a kick-off meeting of the council on promoting artificial intelligence in the financial sector joined by related organizations, research institutions, and financial companies on March 28. In his opening remarks, Vice Chairman Kim laid out some of the issues that need to be discussed in subsequent council meetings, such as the rules on network separation, governance and safety issues concerning generative AI, and challenges and opportunities of promoting the use of AI in the financial sector. In this regard, the FSC plans to operate working groups composed of experts and relevant industry officials to further discuss the use of AI in financial services.