Vice Chairman Kim Soyoung of the Financial Services Commission visited Korea Financial Telecommunications & Clearings Institute (KFTC) in Seoul and held a meeting with officials from relevant organizations and industry groups on February 21 to discuss ways to improve infrastructures for financial innovation and a plan to expand open banking services. At the meeting, Vice Chairman Kim outlined policy directions for further improvements in open banking and MyData services, saying that a further plan to bring improvements to open banking services will be prepared to enhance convenience for financial consumers.

* Please see press release for details.