Vice Chairman Kwon Dae-young of the Financial Services Commission held a meeting with related organizations, financial industry groups, and policy financial institutions on August 19 and discussed the formulation of financial measures to introduce effective penalties and incentives for preventing serious industrial accidents at workplaces. While speaking about the important role of financial companies in preventing serious industrial accidents, Vice Chairman Kwon said that when there is a serious workplace accident taking place at a certain company, it is necessary for the financial sector to proactively manage risks to ensure prudential management and investor protection. In addition, Vice Chairman Kwon said that the risk of serious industrial accidents should be adequately reflected in the corporate credit evaluation process and that more financial incentives through business loans and interest rates should be given to the companies taking more preventive steps.