Chairman Lee Eog-weon of the Financial Services Commission presided over the fifth meeting on propelling a transition to productive finance with officials from the Financial Supervisory Service, the banking and insurance sectors, and related industry groups on April 16. At today’s meeting, officials discussed ways to improve upon the capital regulations and requirements for banks and insurers to help strengthen their capital capacity aimed at productive finance. With the participation of private sector experts, officials also discussed the impact of the Middle East situation on domestic industries and went over the progress of financial assistance measures made available from the financial industry. In his opening remarks, FSC Chairman Lee said that the need to push for productive finance is not a choice but a path that we should pursue together to make sure to put our economy on a course for sustainable growth. In this regard, the FSC put forward plans to free up some KRW98.7 trillion in capital capacity for banks and insurers to channel more supply of finance toward productive sectors.