For the last few years, there have been a lot of discussions of improvement on financial supervisory institution system. However, we failed to reach an unified conclusion due to selfish dissension among financial supervisory institutions again this year. Considering (i) our existing experiences on adverse effects caused by governmental and/or political control over financial institutions and financial systems, (ii) duplicate and complicated supervisory system under the current laws and regulations and its problems, etc., it would be supported to abolish the current assistance department of the Financial Supervisory Committee ("FSC") and make the FSC an internal organization within the Financial Supervisory Service (" FSS"). In addition to the main issue such as the financial supervisory institution system, several independent finance-related systems such as compliance officer system, pre-filing requirement of Standardized Contracts with the FSS, credit information systems, etc. were investigated, and relevant suggestions were given.