New Deputy Governors Appointed at FSC: Kim Geun-ik, Choi Sung-il, and Kim Do-in

[Asia Economy Reporter Kangwook Cho] Three deputy governors of the Financial Supervisory Service (FSS) will be replaced. The new deputy governors will be Kim Geun-ik, head of the Financial Intelligence Unit (FIU), Choi Sung-il, former deputy governor of the FSS, and Kim Do-in, former deputy governor of the FSS.

According to financial authorities on the 4th, the Financial Services Commission (FSC) plans to hold an extraordinary meeting in the morning to approve the personnel agenda for the deputy governors. The deputy governors of the FSS are appointed by the FSC upon the recommendation of the FSS governor. This process also involves personnel screening by the Blue House.

Deputy Governor Kim Geun-ik will be in charge of planning, management, and strategic supervision; Deputy Governor Choi will oversee banking and small and microfinance for low-income groups; and Deputy Governor Kim Do-in will be responsible for capital markets and accounting.

Kim Geun-ik, head of the FIU, graduated from Gwangju Kumho High School and Seoul National University with a degree in economics, then entered public service through the 34th Administrative Examination. He has served as head of the Financial Structure Improvement Division and Banking Division at the FSC, director of the Financial Consumer Protection Planning Group, head of the Financial Field Support Group, and deputy head of the Public-Private Joint Regulatory Improvement Promotion Group under the Prime Minister’s Office. Since 2018, he has been serving as the head of the FIU.

Former Deputy Governor Choi graduated from Seoul Kyungshin High School and Seoul National University with a degree in economics, earned a master's degree in business administration from the University of Chicago, and a doctorate in business administration from Chung-Ang University. He joined the Bank of Korea in 1987 and has held positions such as director of the Banking Supervision Bureau, director of the General Supervision Bureau, and senior director of the IT and Financial Information Protection Division at the FSS.

Former Deputy Governor Kim Do-in graduated from Gwangju Inseong High School and Seoul National University Law School. He has served as team leader of the Asset Management Supervision Bureau, team leader of the Audit Office, director of the Asset Management Inspection Bureau, and director of the Corporate Disclosure Bureau at the FSS.

Currently, under the FSS governor, there is a senior deputy governor, and three deputy governors each handle different sectors. The senior deputy governor is responsible for planning, management, strategic supervision, and insurance, while the deputy governor in charge of banking and small and microfinance handles banking and small and microfinance. Whether the senior deputy governor system will be maintained is also a matter of interest.

Senior Deputy Governor Yoo Kwang-yeol, Deputy Governor Kwon In-won in charge of banking and small finance, and Deputy Governor Won Seung-yeon in charge of capital markets and accounting will retire on this day.

This content was produced with the assistance of AI translation services.