Chairman Kim Byoung Hwan of the Financial Services Commission held a meeting with macroeconomic and financial market experts on August 5 to review financial risks in four specific sectors, which include debt risks in the household, real estate project finance, and small business sectors, and the soundness of the nonbanking sector, and discussed ways to effectively manage these risks. At the meeting, Chairman Kim discussed the government's plans to more effectively tackle debt risks in the four specific areas to ensure sustainable growth and resilience in the economy and to guarantee financial market stability. While consistently implementing the various debt management mechanisms currently in place, such as the expanded application of the stressed debt service ratio (DSR) rule, Chairman Kim said that the government will swiftly work to introduce measures that will help to make a transition away from the current debt-reliant model to an equity-centered approach. Chairman Kim also said that the goal of these measures is not to keep the total volume of debt below a certain level in absolute quantity but to stably manage the size of debt at a level deemed to be appropriate and commensurate with that of the real economy.