Chairman Lee Eog-weon of the Financial Services Commission presided over this year's disaster response and safety management drill in the financial sector on October 28. The FSC is mandated to oversee response measures and procedures in the event of any disasters or accidents taking place in the financial sector, which may have the potential to cause major disruption in national core infrastructures. This year's disaster response and safety management drill took place under the scenario of a fire erupting at the Korea Securities Computing Corporation (KOSCOM) causing a disruption in IT system operation and potentially leading to panic selling. Under this scenario, Chairman Lee convened a central disaster response meeting to review response strategies and action plans. At the meeting, participants also checked each institution's preparedness and discussed measures for improvement under the scenario. At the meeting, Chairman Lee stressed the importance of being thoroughly prepared for disaster situations and urged all participating organizations to step up efforts to strengthen their own disaster response and prevention capabilities.