Chairman Kim Byoung Hwan of the Financial Services Commission presided over this year's disaster response and safety management drill in the financial sector on October 28. The FSC is mandated to oversee response measures and procedures in the event of any disasters or accidents taking place in the financial sector, which may have potential to cause major disruption in national core infrastructure. This year's disaster response and safety management drill took place under the scenario of a fire erupting at a financial institution with the potential of causing a digital bank run. Under this scenario, Chairman Kim convened a central disaster response meeting to review response strategies and action plans. At the meeting, participants also checked each institution's preparedness and discussed measures for improvement under the scenario of a digital bank run. At the meeting, Chairman Kim underscored the importance of being thoroughly prepared for disaster situations while saying that working to ensure prevention of such incidents should take priority.