Establishment of Youth Special Subcommittee in Financial Development Council... Chairperson Professor Shim In-suk

[Asia Economy Reporter Kim Hyo-jin] The Financial Services Commission announced on the 14th that it has newly launched the 2021 Financial Development Council (Geumbalsim) and will operate a special youth subcommittee.

The FSC explained, "This is to actively communicate with the youth, who have recently emerged as key stakeholders in financial policy."

In addition to the special youth subcommittee with the character of a special committee, Geumbalsim will operate with subcommittees on policy & global, financial industry & innovation, capital markets, and consumer & low-income finance.

The FSC also newly appointed 25 members.

Accordingly, a total of 45 private members (20 reappointed) will be active in Geumbalsim.

Among them, the number of female members increased from 8 (20%) last year to 17 (38%) this year.

To reflect diverse perspectives in financial policy formulation, the number of members affiliated with institutions and universities located in provinces also increased by 3 to 7 (16%) this year.

Financial Services Commission Chairman Eun Sung-soo appointed Professor Shim In-sook of Chung-Ang University Law School as the new chairperson of Geumbalsim.

The FSC introduced Professor Shim as the top legal expert combining theory and practice in the field of financial policy and supervision, having served as a non-standing member of the FSC for over four years.

An FSC official explained, "Professor Shim is a highly trusted expert who was reappointed after being recognized for her activities during her three-year term as a non-standing member," adding, "This is the first time a woman has taken the chairperson position."

Geumbalsim plans to hold its first plenary meeting on the 18th to discuss the direction of financial policy promotion for this year.

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