Chairman Lee Eog-weon of the Financial Services Commission presided over the joint meeting of the financial development review committee, an advisory body to the FSC, and held a seminar on propelling a transition to make the financial industry more productive on February 9. In his opening remarks, Chairman Lee underscored the importance of pursuing a transition where the flow of finance needs to be directed toward high-tech industries and innovative venture businesses in order to help the Korean economy open the doors to a new chapter of growth. In this regard, Chairman Lee said that the role of finance is critical in shaping and making changes to the structure and development path of various industries. At today's seminar, major research organizations presented their insights and findings on the topic of productive finance, and the FSC plans to take various ideas from today's seminar into consideration when formulating policy measures on productive finance going forward.