Chairman Kim Byoung Hwan of the Financial Services Commission presided over a meeting with private sector experts, financial industry groups, and officials from the Financial Supervisory Service (FSS) and Financial Security Institute (FSI) and introduced a roadmap to bring about improvements to network separation in the financial industry on August 13. After having a series of meetings with financial companies and gathering opinions from cybersecurity experts and various stakeholders, the FSC has prepared a set of measures intended to bring about improvemets to the current regulatory system on network separation and ways to upgrade rules on financial data security. Specific measures include (a) allowing financial companies to make use of generative AI technologies, (b) allowing financial companies to make use of the cloud-based SaaS for more types of operational functions, and (c) making improvements to financial companies' research and development environments. These measures will be implemented under the financial regulayory sandbox program through which businesses can apply for regulatory exemption. At the meeting, FSC Chairman Kim said that more effective solutions to upgrade the current regulatory system on network separation is needed in order to ensure a more agile response to the rapidly changing information technology environment around the world. In this regard, Chairman Kim said that the roadmap for regulatory overhaul being introduced today will help to boost the competitiveness of domestic financial industry and increase benefits and convenience for consumers.