Chairman Lee Eog-weon of the Financial Services Commission met with Governor Lee Chanjin of the Financial Supervisory Service on September 29 and held discussions on ways to upgrade financial administration and supervision with aims to strengthen protection for financial consumers. At the meeting, both leaders showed strong willingness to revamp the financial administrative and supervisory work with goals to make the consumer protection function more effective and transparent. To this end, the FSC and the FSS will each carry out internal overhaul to strengthen consumer protection as a key national policy initiative. In doing so, the financial authorities will carry out administrative and supervisory duties while focusing on the actual needs and demands of consumers. Going forward, the leaders also pledged to work closely as a one team.