Chairman Kim Byoung Hwan of the Financial Services Commission presided over this year's first fintech support council meeting with relevant organizations and financial institutions in attendance and discussed plans to support domestic fintech firms to scale up for overseas business expansion. At the meeting, Chairman Kim said that the government will actively support financial holding companies' investment in fintech and promote mutual cooperation and collaboration between financial companies and fintech businesses. For this year, there is new fiscal assistance made available for fintech scale-up programs in partnership with the fintech incubation labs operated by financial companies. In addition, the annual fintech expo, Korea Fintech Week, will be held in a bigger scale this year under the theme of "AI and fintech, customized financial innovation" with participation from more overseas businesses and countries.