Vice Chairman Kim Soyoung of the Financial Services Commission presided over a meeting with officials from related organizations and industry groups on March 18 to go over current market situations and expectations for the future. At today's meeting, officials had discussions about current market situation, recent increases in default rates, and prudential management and loss absorbing capacity in the nonbank sector. During the meeting, Vice Chairman Kim said that thanks to our continuous efforts to ensure market stabilization, domestic financial markets have been made resilient to external shocks to a certain degree. In this regard, Vice Chairman Kim urged authorities to continue to stay vigilant to market contingencies and risks in the future. To be adequately prepared for potential risks arising from the real estate project finance loans, Vice Chairman Kim asked authorities to bolster prudential management over related sectors.