Kim Byoung-hwan, the nominee to lead the Financial Services Commission, expressed the urgency of addressing the rapid growth of household debts during a press briefing while en route to his office in Seoul. As a seasoned macroeconomics expert and the first vice finance minister, Kim emphasized the need to implement measures to mitigate risks associated with real estate project financing loans, small businesses, self-employed individuals, household debts, and savings banks. Despite acknowledging the high levels of household debt in Korea, Kim noted that the debt-to-GDP ratio had decreased over the past two years. He emphasized the importance of revising the reliance on debt and highlighted the potential for growth in the Korean capital market, particularly through the government's "corporate value-up program" aimed at enhancing market valuation and benefiting shareholders. Additionally, Kim discussed the potential hurdles and considerations for listing on influential market benchmarks like the MSCI and the introduction of spot bitcoin exchange-traded funds, noting the need to prioritize regulatory measures. Kim's extensive background in economics, coupled with his experience in government positions, positions him as a potential influential figure in leading the country's financial policies if appointed as the youngest-ever chairman of the FSC.