Chairman Lee Eog-weon of the Financial Services Commission presided over this year's disaster response and safety management drill in the financial sector on October 29. The FSC is mandated to oversee response measures and procedures in the event of any disasters or accidents taking place in the financial sector, which may have the potential to cause a major disruption in national core infrastructures. This year's disaster response and safety management drill took place under the scenario of a massive sinkhole causing fire to the Korea Exchange's IT infrastructure and a DDoS attack debilitating certain functions of the KRX's computing system. During the drill, officials went over the process of quickly and properly responding to disaster situation and making a transition to an alternative IT infrastructure for quick recovery. At the meeting, Chairman Lee spoke about the importance of being thoroughly prepared with preventive measures to be able to effectively respond to disaster situations. In this regard, Chairman Lee called for ensuring zero tolerance in service disruption to maintain stability in the financial markets and minimize costs to the society.