FSC Standing Commissioner Kwon Dae-young attended the memorandum of understanding signing event between the Korea Asset Management Corporation and five asset management companies for operating the real estate PF normalization fund worth KRW1 trillion from September this year. At the MOU signing event, FSC Standing Commissioner Kwon said that the newly created fund will serve as a stepping stone to promote normalization of the real estate PF market and urged financial holding groups and other financial institutions in the private sector to actively participate in the effort. Following the MOU signing event, the FSC and the FSS held a meeting with the relevant industry assoications to check the recent progress and conditions regarding the real estate PF market.