Chairman Kim Joo-hyun of the Financial Services Commission presided over a meeting with officials from relevant government and industry organizations and heads of major commercial banks and policy financial institutions on March 19 and unveiled a set of measures intended to boost climate finance. In his opening remarks, Chairman Kim said that unprecedented challenges posed by climate change today require us to act not only for securing the competitiveness of our enterprises but also for guaranteeing security for future generations. In this regard, Chairman Kim highlighted today's meeting as an important first step towards countering climate risks as it demonstrates collective effort made by the government, policy financial institutions, and the banking sector. At the meeting, a set of measures intended to boost green investment to speed up low carbon transition was also introduced by the Ministry of Environment.