Busan: Top financial regulators from South Korea and Japan agreed Monday to enhance cooperation for the stability of the financial markets and to share key policy experiences. During the ninth regular financial meeting of the countries held in South Korea's southeastern port city of Busan, Lee Eog-weon, chairman of the Financial Services Commission, made a proposal to seek policy cooperation and enhance communication over the nurturing of the financial markets, digital transformation and responses against an aging population.

According to Yonhap News Agency, Lee Chan-jin, governor of the Financial Supervisory Service, offered to share knowhow and experience on consumer protection and other key policies. In response, Ito Yutaka, commissioner of Japan's Financial Services Agency, said communication among the financial authorities of the two countries should help develop forward-looking initiatives in the private sector.

The two countries agreed that they will hold the 10th regular financial meeting in Japan next year.