Chairman Lee Eog-weon of the Financial Services Commission attended the memorandum of understanding signing event between insurance businesses and regional governments for facilitating the provision of insurance products and helping to reduce the insurance protection gap for vulnerable groups on March 16. At the event, Chairman Lee spoke about the significance of the agreement signed today between regional governments and insurance businesses as increased cooperation between them is expected to bring about benefits to both with aims to boost efforts for inclusive finance. At today's MOU signing event, the insurance industry also announced plans to supply KRW2 trillion in inclusive finance support for the next five years in the form of free insurance subscription, coverage discounts, and social contribution activities.