Inter-ministerial consultative body launched to boost collaboration between policy financial institutions and government authorities overseeing industrial policyDec 14, 2022

FSC Vice Chairman Kim So-young presided over a kick-off meeting of the inter-ministerial consultative body on strengthening collaboration between policy financial institutions and relevant ministries overseeing industrial policy on December 14. At the meeting, participants discussed (a) industrial challenges and opportunities for 2023 and ways to provide policy support, (b) operational plans for the consultative body and (c) policy financial institutions' strategies for supplying financing support in 2023. In his opening remarks, Vice Chairman Kim talked about the importance of establishing a systematic linkage between policy-based financial resources and industrial policies sought by relevant government ministries. Vice Chairman Kim said that the inter-ministerial consultative body will discuss and prepare strategies for supplying policy-based funds for 2023 which will reflect industrial policy demands from relevant ministries. Vice Chairman Kim also said that the government will make utmost efforts to ensure that financial resources made available through policy financial institutions are put to the most effective use in the sectors and areas that can help contribute to our economy's innovative growth.