Vice Chairman Kim Soyoung of the Financial Services Commission presided over this year's second consultative body meeting on mutual finance policy on December 3. At today's meeting, officials from related ministries and organizations discussed ways to boost the medium- to long-term soundness and strengthen risk management in the mutual finance sector. As the size of the mutual finance industry has grown significantly in domestic market and local economies, Vice Chairman Kim said that mutual finance businesses need to take more responsibility and make efforts to bolster their capital and reserve conditions and seek prompt liquidation of non-performing loans to improve the soundness in management. At the meeting, officials also went over the status of handling mid-range interest rate loans and the establishment of vishing prevention mechanisms by individual mutual finance businesses.