ECCK President Christoph Heider attended Korea Economic Forum organized by Korea Joongang Daily to hear Financial Services Commission (FSC) Chairman Choi Jong-ku’s discussion about current developments in the Korean economy and changes to financial regulations. Click on the following link to read the article: [Korea Joongang Daily] Ambassadors welcome Choi’s frank remarks
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[President] Heider expressed interest in the regulations related to the fourth industrial revolution that [FSC Chairman] Choi discussed during his speech. Heider echoed Choi’s sentiment that discussing regulations is difficult as the fourth industrial revolution changes is unchartered territory. He said he is particular interested to see what direction Korea takes as it is currently the 11th biggest economy in the world and has the potential to become at least the 11th most innovative in the financial service industry. “We have to be very careful with rules and regulations related to financial innovation,” said Heider.