Chairman Kim Byoung Hwan of the Financial Services Commission held a meeting with the asset management industry on September 5 as part of a series of relay meetings aimed at engaging with different financial sectors since assuming office in July this year. At the meeting, Chairman Kim discussed the important role of asset management businesses in providing more individually tailored lifecycle wealth management services for consumers, contributing to the advancement of capital market, ensuring soundness and seeking qualitative growth of the industry, and meeting ever-evolving and divergent needs of consumers amid an aging society and technological advances. While speaking about the need to develop more innovative and specialized products to expand the horizon of investment market, Chairman Kim said that the government will seek to remove regulatory barriers if necessary.