Chairman Kim Byoung Hwan of the Financial Services Commission met with Jacek Jastrzebski, Chair of the Board of the Polish Financial Supervision Authority (KNF) at his office in Seoul Government Complex on November 13 where the two sides signed a memorandum of understanding (MOU) on banking supervision. This marks the first such visit to Korea by Chair of the Board of the Polish Financial Supervision Authority (KNF). At the meeting, Chairman Kim showed strong commitment to boost cooperation going forward and talked about the significance of the progress made this year in enhancing financial cooperation between the two countries with the shuttle meetings held between chief financial authorities of the two countries and the signing of an MOU on banking supervision. The MOU on banking supervision signed between the FSC and the FSS of Korea and the Polish Financial Supervision Authority (KNF) is expected to facilitate overseas expansion of Korean banks’ corporate loan operations to Poland and other EU member countries in the surrounding region, such as Hungary, the Czech Republic, and Slovakia.