Chairman Lee Eog-weon of the Financial Services Commission delivered congratulatory remarks at a public seminar held on seeking improvements to the stewardship code on June 8. In his speech, Chairman Lee spoke about the need to upgrade the stewardship code as there are now higher standards and enhanced roles expected from institutional investors. In this regard, Chairman Lee said that authorities are working to revise the Korean stewardship code to bolster institutional investors' fiduciary duties for environmental, social, and governance factors and to strengthen measures to more systematically and transparently check institutional investors' compliance with the stewardship code.