FSC Standing Commissioner Kwon Dae-young held talks with fintech labs and their affiliated financial holding companies on November 15 and listened to how their fintech service development is being carried out and ways to facilitate their service development by making improvements to the relevant regulations. During the meeting, Standing Commissioner Kwon said that increasing collaboration and coordination between financial holding companies and fintech firms will help bring about more innovation in the financial industry. In this regard, Standing Commissioner Kwon stated that it is important for fintech labs, especially in times of an economic slowdown, to step up efforts to more actively provide the role of fintech incubators to promote investments for fintech startups.