Chairman Lee Eog-weon of the Financial Services Commission met with a group of CEOs in the financial investment business sector on October 30 and held talks on ways to facilitate a transition toward productive finance. At the meeting, Chairman Lee spoke about the importance of boosting the supply of venture capital to facilitate a structural shift taking place in the Korean economy. To this end, Chairman Lee pledged to lay ground and bolster regulatory support to enable securities businesses to more actively provide venture capital to innovative businesses. With regard to the private equity fund sector, Chairman Lee vowed to strengthen foundations to foster "a culture of responsible investment" and seek regulatory improvements to make relevant rules more consistent with global standards.