Vice Chairman Kim Soyoung of the Financial Services Commission attended a policy seminar on future finance hosted by Korea Institute of Finance and delivered a keynote address introducing policy frameworks to effectively cope with demographic shift, climate change, and technological advance on July 8. Alongside the task of responding to the issues that need to be addressed urgently amid rapidly changing financial environments and market conditions, Vice Chairman Kim said that it is becoming ever more important for the financial authorities to set their sight on a medium- to long-term horizon in formulating financial policy strategies, since financial policy can have a significant impact on the structural and macro-level changes taking place. In this regard, the future finance taskforce has been working to come up with policy frameworks to effectively cope with demographic shift, climate change, and technological advance, based on systematic analyses intended to minimize risks and seek opportunities for growth over a medium- to long-run. The taskforce will continue to carry out discussions during the second half and announce more comprehensive measures at the end of this year.