FSC Chairman Kim Joo-hyun presided over the 49th financial hub development committee meeting on May 31 and discussed the 6th three-year plan (2023-2025) to promote financial hubs in Korea. In his opening remarks, Chairman Kim said that compared to the year 2020 when the 5th three-year plan for promoting financial hubs in Korea was formulated, today’s global financial environment is experiencing rapid changes amid digital transformation and spread of sustainable finance. In this regard, Chairman Kim stressed that how we respond to these changes will determine the competitiveness of global financial hubs. At today's meeting, participants decided on the 6th financial hub policy which contains four key task areas that will allow the government and the financial sector to quickly respond to the changing global financial environment and actively make use of the areas where the Korean financial industry has a comparative advantage.