FSC Chairman Koh Seungbeom held a meeting with the CEOs of insurance companies and industry officials on November 3 and held talks on ways to promote development of the insurance industry and ensure consumer protection. Amid rapid changes taking place in the structure of demographics, rising interest rates, digital transformation and so on, Chairman Koh pledged that the government will provide active support for insurance businesses in making innovative attempts. Chairman Koh also said that the government's support for insurance business should be provided under the condition of well-established consumer protections and consumer trust.

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