Seungbeom Go "COVID-19 Pandemic Accelerates 'Digital Innovation'"

[Asia Economy Reporter Kwangho Lee] Financial Services Commission Chairman Seung-beom Ko said on the 2nd, "COVID-19 has accelerated 'digital innovation' by expanding mobile-based untact business."

Chairman Ko attended the World Economy Institute-Shinhan Financial Group International Conference held at Lotte Hotel in Sogong-dong, Jung-gu, Seoul, and stated, "It is difficult to predict how long and how deeply the prolonged COVID-19 pandemic will leave scars on our economy."

He diagnosed, "New value that did not exist before is rapidly being created through the convergence of technology and finance, and innovation momentum is spreading everywhere. In addition, the financial and economic paradigm is shifting from the existing financial performance-centered approach to one that emphasizes social values such as low carbon, eco-friendliness, and fairness for sustainable growth."

He emphasized, "We will strive to promote financial policies that fit the changed environment and to establish a financial environment where market autonomy and creativity breathe."

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