Chairman Lee Eog-weon of the Financial Services Commission attended the opening ceremony of the 7th annual Korea Fintech Week and delivered a welcoming speech on November 26. In his speech, Chairman Lee emphasized the need to promote digital innovation through AI transition in the financial industry and laid out plans to (a) promote large scale investments in AI and overhaul the current AI infrastructure in the financial industry, (b) foster conditions and set regulatory grounds to supply capital to fintech businesses, (c) and establish foundations for introducing innovative financial services. In addition, going beyond the simple convergence of AI technology with fintech services, Chairman Lee said that the Korean government will seek bold innovation in digital finance to fully embrace the potential of AI and facilitate the personalization of finance.