Chairman Kim Byoung Hwan of the Financial Services Commission met with the heads of key economic policy thinktanks on September 23 to have talks on recent financial market developments and major policy tasks moving forward. At the meeting, Chairman Kim and the participants discussed potential impact of recent rate cut decisions in the U.S. and Eurozone. In this regard, Chairman Kim said that the shift in global monetary policy stances may have a positive effect on macroeconomic conditions with eased financing cost burdens and rising investments. However, as there exists continuing possibility of rising volatility in financial markets, Chairman Kim said that authorities will closely monitor market developments while maintaining close communication with experts. As a medium- to long-term policy objective, Chairman Kim said that the government will work to make a transition away from the current approach that relies heavily on debt toward an equity-centered model of economic growth.