Kim Joo-hyun, right, chairman of Seoul's Financial Services Commission, and Teruhisa Kurita, commissioner of Tokyo's Financial Services Agency, pose for a photo at a meeting in Seoul, Dec. 19. Courtesy of Financial Services Commission

The chief financial regulators from Korea and Japan agreed to expand the two nation's cooperation into digital transformation and financial innovation in addition to financial cooperation.

Kim Joo-hyun, chairman of Seoul's Financial Services Commission (FSC), and Teruhisa Kurita, commissioner of Tokyo's Financial Services Agency (FSA), held a meeting in Seoul, the first regular meeting between the top regulators from the two countries in seven years.

In October, the two chiefs agreed to resume regular "shuttle meetings" between the top financial regulators.

During Wednesday's meeting, Kim and Kurita agreed that the two countries will make efforts to expand their cooperation on financial innovation and the digitalization of financial services. (Yonhap)