Vice Chairman Kwon Dae-young of the Financial Services Commission presided over the kickoff meeting of the taskforce on reforming the credit rating system on January 20. The taskforce on credit rating system will seek ways to bring about improvements to the credit assessment system for both individuals and small business owners and promote the use of alternative credit rating methods and artificial intelligence technology. Speaking about the importance of establishing a sound financial safety net intended to make the system more inclusive, Vice Chairman Kwon urged the taskforce to seek substantive reform measures to make the credit rating system a key infrastructure that can help to make the financial industry more productive, inclusive, and reliable.