경제•금융수장 '올해 리스크 관리•금융 혁신 필요'<br /><br />The country's leading figures in economy and finance got together for an annual event.<br />As a new year begins, policymakers put their heads together and pitch their thoughts on the path forward for the industry. <br />Kim Hyesung shares with us what was discussed. <br />Innovation and risk management in the finance sector.<br />These are the keywords that Korea's key economic policymakers pointed to at a new year gathering with 11-hundred leaders from the finance industry, including banks and insurance companies. <br />Minister of Economy and Finance Hong Nam-ki emphasized the role of Korea's banks in supporting startups to help boost innovation. <br />The chairman of the Financial Services Commission, Choi Jong-ku, said he will help accelerate innovation in the financial sector through deregulation.<br />And he added that through funding... he will help boost the competitiveness of Korea's key manufacturing industries. <br />The chief of the Korea Federation of Banks, Kim Tae-yong, called for Korean banks to go digital and go global to lead the fourth industrial revolution.<br />But some other policymakers put more emphasis on risk management.<br />Both the Bank of Korea chief Lee Ju-yeol... and Financial Supervisory Service chief Yoon Suk-heun said Korea faces challenges like growing household debt, slowing global economy and the U.S.-China trade war. <br />Banks, they said, need to manage such risks preemptively, enhance their fiscal soundness and distribute resources effectively and productively.<br />Kim Hyesung, Arirang News. <br />
