[2020 National Audit] Yoon Seok-heon Apologizes for Hiring Corruption in Banking Sector

Yoon Seok-heon, Governor of the Financial Supervisory Service, is sitting down after taking the oath as a witness at the National Assembly's Political Affairs Committee hearing on the 13th regarding the Financial Supervisory Service./Photo by Yoon Dong-joo doso7@

[Asia Economy Reporter Kim Min-young] Yoon Seok-heon, Governor of the Financial Supervisory Service, expressed on the 13th that he "feels sorry" about the hiring irregularities in the banking sector.

On the same day, during the Financial Supervisory Service's National Assembly audit, Yoon made this remark in response to Justice Party lawmaker Bae Jin-kyo's question, "Three years after the banking sector hiring irregularities, what has changed?"

According to court records analyzed by lawmaker Bae regarding the banking sector hiring irregularities, among major commercial banks, 41 out of 61 individuals who were confirmed guilty of illegal hiring practices are still employed at the banks.

However, Governor Yoon added, "I mostly agree with the points raised, but our Financial Supervisory Service does not have the authority to resolve this issue."

When asked, "Even without authority, do you agree that since those involved in the hiring irregularities have expressed their determination to self-correct, it is appropriate to view them as having no intention to resolve the issue?" he replied, "I think so."

Governor Yoon also agreed with the criticism that "at the very least, banks should be obligated to establish remedial measures when illegal hires occur."

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