Vice Chairman Kim So-young appointed the FSC's new ombudsman committee members and held its first meeting on August 10. The 4th FSC ombudsman committee is composed of five private sector experts and charged with inspecting financial regulations and consumer protection measures from an outside perspective. In his remarks, Vice Chairman Kim talked about the importance of scrutinizing financial regulatory environment from a third-party perspective in order to make constant regulatory improvements to meet changing policy environment. In this regard, Vice Chairman Kim urged the ombudsman committee to actively seek communication with financial institutions and consumers and monitor policy implementation on the ground.