Vice Chairman Kwon Dae-young of the Financial Services Commission who doubles as the Chairman of the Securities and Futures Commission presided over the meeting on stamping out stock market manipulation with officials from the Financial Supervisory Service and the Korea Exchange on January 14 where authorities decided to expand the organizational capacity of the previously launched joint response unit. In order to boost the effectiveness of capital market investigation, the authorities decided to establish an additional team to speed up the investigation and sanctions process to more effectively root out unfair trading activities in capital markets. The newly established two-team organizational framework in the joint response unit will help to promote competition and collaboration between them.