3. I see. And so what's the outlook for reform?

So, it's not the first time the banking industry and politicians have raised the issue of commerce-banking separation.
But in recent weeks, the push for deregulation in Internet-only banks has really gained traction, with the Financial Services Commission, Fair Trade Commission, lawmakers, and even the President himself calling for deregulation as part of the administration's efforts to push for innovative growth.
The Financial Services Commission is planning to introduce a law to raise the share ownership for non-financial business operators from the current four percent to a range of between 34 percent to 50 percent.
Industry insiders say it's highly likely the law will be approved by parliament.
But there's also strong opposition from civic groups, who say removing Internet-only bank regulations could end up benefiting super-rich chaebols instead of smaller IT firms or startups.
So, it's highly likely that reforms to the law will add preconditions like preventing large conglomerates from owning too many shares as President Moon's secretary for economic affairs pointed out earlier this week.
So we'll have to see how it pans out.

I see, thank you Hyesung for the report.

My pleasure.