Chairman Kim Byoung Hwan of the Financial Services Commission held a media briefing for the first time since taking office in July at Seoul Government Complex in Seoul on September 12. During his briefing, Chairman Kim discussed current situation and policy measures being implemented with regard to the four major risk factors facing financial markets in Korea, which include real estate project finance loans, household debt, small business loans, and prudential management in the nonbanking sector. While outlining the progress and plans for each risk factor, Chairman Kim said that authorities will continue to work on promptly resolving these issues. Regarding key policy tasks going forward, Chairman Kim said that the FSC will work to (a) ensure a seamless process for introducing a new internet-only bank to promote competition in the industry, (b) seek to reform ways in which merger prices are calculated in the corporate merger process to bring about more fairness in the system, and (c) set up an expert advisory committee on virtual assets to more effectively deal with ongoing policy needs and concerns surrounding a variety of remaining tasks.