FSC Vice Chairman Kim So-young held a meeting with market experts on August 18 and discussed potential risk factors in the financial industry and proper ways to respond to them. During the meeting, Vice Chairman Kim stated that there are lingering uncertainties in financial markets caused by higher interest rates, global inflation and geopolitical conflicts, which bring concerns over financial industry risks such as facing possible insolvency, worsening fund-raising conditions and falling asset values. In monitoring and responding to the risks, Vice Chairman Kim said that the government would pay extra attention to "emergence of unexpected new risks", "accumulation of risks" and "expansion of interconnectedness between industries." In order to better respond to risks in the financial market and industry, Vice Chairman Kim vowed to maintain close communication with the market.