Vice Chairman Kim Soyoung of the Financial Services Commission presided over the 6th consultative body meeting on policy finance held on March 6 with officials from related government ministries and policy financial institutions participating. At the meeting, the authorities discussed launching of a fund specifically designated to support middle market enterprises in the size of KRW5 trillion with contribution made from the banking sector. The authorities also discussed this year's plan to raise at least KRW3 trillion for operating innovative growth fund, which has been set up for operation since last year with aims to boost future growth engines and cultivate innovative venture businesses.