Chairman Lee Eog-weon of the Financial Services Commission on September 29 met with the banking sector for the first time since assuming office and held talks on financial policy directions seeking to transform the industry toward productive finance. To facilitate banks to boost their productive finance drives, Chairman Lee said that authorities will continue to work on making improvements to capital regulations to encourage banks to supply more capital to productive sectors. With regard to the transition toward a more consumer-oriented approach, Chairman Lee asked banks to play a more active role in providing assistance to debtors and making contributions to the long-term debt restructuring program expected to be launched soon. At the same time, Chairman Lee also stressed the importance of ensuring rigorous management over household debt and supporting the restructuring of key strategic industries. In a move to enhance transparency and seek transformation toward a more consumer-oriented approach, Chairman Lee pledged to continue to maintain close communication and cooperation with the banking sector.