Vice Chairman Kim Soyoung of the Financial Services Commission presided over the 10th consultative body meeting on policy finance support with officials from related ministries and policy financial institutions on March 26. At the meeting, officials reviewed the progress of policy funds being frontloaded toward the early months of the year and announced detailed plans for supplying policy funds for the semiconductor and nuclear power industries. In his opening remarks, Vice Chairman Kim highlighted the role of the consultative body in efficiently coordinating and supplying policy funds in accordance with the needs of relevant ministries and industries and helping to enhance the quality in the provision of policy funds. In this regard, Vice Chairman Kim added that authorities will continue to work to improve the quality of policy finance support while adequately taking into account the needs of related ministries. At today's meeting, authorities also announced plans to set up a new fund in the amount of at least KRW100 billion for the development of small and medium-sized enterprises in the nuclear power industry. In this regard, Vice Chairman Kim said that the newly established fund is expected to help enhance the global competitiveness of Korea's nuclear power industry.