Chairman Kim Byoung Hwan of the Financial Services Commission met with a group of university professors and held talks on ways to more effectively provide safeguards for financial consumers on October 28. In his opening remarks, Chairman Kim stressed the importance of building strong trust-based relationship between consumers and the financial industry in order to seek further growth of the financial sector. At the meeting, participants discussed various issues regarding consumer protection, including the efficacy of sales regulations on highly complex financial products, the need to establish rigorous internal control measures by financial companies, and increasing the provision of financial education programs to help improve the awareness and understanding on the part of financial consumers. The FSC will take into account what has been discussed at today's meeting when formulating consumer protection policies in the future.