Chairman Kim Byoung Hwan of the Financial Services Commission presided over a meeting with chief executive officers of domestic and foreign securities companies on August 29. At the meeting, Chairman Kim called for more active participation of securities companies in implementing the Corporate Value-up Program, one of key initiatives that the government has been driving to boost the competitiveness of our capital markets and companies. To ensure dynamism and sustainable growth of our economy, Chairman Kim said that our economy should move from debt-based financing to equity-based financing and, in the process, securities have their roles in stimulating equity financing. In response to ongoing uncertainties in the market, Chairman Kim also asked securities firms to preemptively and thoroughly strengthen their risk management, while strengthening investor protection to restore investors’ trust in the capital markets.