FSC Chairman meets with CEOs of financial holding groupsSep 30, 2024

Chairman Kim Byoung Hwan of the Financial Services Commission met with the heads of domestic financial holding groups on September 30 and held talks on the important role and responsibility of financial holding companies. Chairman Kim's meeting with the CEOs of financial holding groups today marks the final stop in a series of meetings he has had with individual financial sectors since taking office in July this year. During the meeting, Chairman Kim talked about the importance of effectively managing the pace of household debt growth, strengthening internal control in financial sectors to bolster public confidence, and pursuing appropriate strategies and solutions that will help to cope with the major changes taking place in socioeconomic spheres, such as demographic shift, climate change, and technological advances. In this regard, Chairman Kim said that the government will provide active support through regulatory and supervisory means to promote financial holding groups to take appropriate actions toward these ends.