Chairman Kim Byoung Hwan of the Financial Services Commission held a meeting with the CEOs of ten major comprehensive financial investment business entities (CFIBEs) and introduced the government's plans to improve the competitiveness of corporate financing by securities firms on April 9. In his opening remarks, Chairman Kim underscored the important role of capital markets in making sure that our economy maintains vitality and continues to grow in the future. In this regard, Chairman Kim said that the plans being introduced today are intended to boost the role of securities businesses in corporate financing. While speaking about the need to seek innovation in their business operations and actively participate in value-up efforts, Chairman Kim said that securities businesses need to also strengthen risk management and internal control practices. To promote innovation and ensure stability in the capital markets, Chairman Kim called for close cooperation between the financial authorities and the securities business sector.