Chairman Kim Byoung Hwan of the Financial Services Commission attended this year's second fintech open networking day event and delivered congratulatory remarks on November 19. The biannual event organized by the FSC brings together fintech businesses, financial companies, and investment organizations to seek ways to promote collaboration and boost investment in digital finance. Prior to the scheduled event, FSC Chairman Kim held talks with financial holding companies' fintech lab operators and fintech entrepreneurs to listen to their needs and suggestions. To help fintech businesses to continue to grow and scale up and to promote digital transformation of financial companies, Chairman Kim said that it is necessary to make regulatory improvements regarding financial companies' fintech investment and ownership rules. Moreover, to help make sure that digital payment services can continue to grow with a sense of legal stability in the future in the areas of authentication, big data, and artificial intelligence, Chairman Kim said that relevant regulations on electronic financial services and digital authentication system need to be upgraded. To continue to promote overseas expansion of outstanding domestic fintech companies, Chairman Kim said that the government will provide support through established overseas networks and joint investment promotion activities.