The FSC launched a youth policy advisory group on November 29, which is made up of twenty members led by the FSC's special youth policy advisor and will make recommendations on youth-oriented financial policies for a two-year term. The youth policy advisory group will be organized into four subdivisions--employment finance, housing finance, asset formation and management, and financial education--to monitor policy issues and search best practice cases and make policy recommendations. FSC Chairman Kim Joo-hyun attended the launch event and delivered welcoming remarks, saying that the youth policy advisory group will help strengthen the participation of young adults in drawing up financial policies that meet the needs and demands of young adults. Chairman Kim also said that effective and frequent communication should take place between financial authorities and the members of the youth policy advisory group.