The FSC launched a public-private joint consultative body on digital finance and held a kick-off meeting on ditigal finance via teleconference on September 10. During the meeting, Vice Chairman Sohn Byungdoo spoke about the need to (i) continue regulatory reforms to promote innovation in financial services, (ii) build a fair competition environment for market participants, (iii) ensure consumer safty in digital finance, (iv) review risk factors related to financial market stability and (v) evaluate the impact of digital transformation on the society as a whole.

* Please see press release for details.