Financial Authorities "Will Take Thorough Measures on Self-Reappointment Case of Daebu Finance Association Chairman"

[Asia Economy Reporter Park Sun-mi] In response to the controversy over self-reappointment following Lim Seung-bo's successful third term as chairman of the Korea Credit Finance Association, financial authorities have announced that they will conduct a thorough investigation and take appropriate measures.

On the 17th, at the National Assembly's Finance and Economy Committee plenary session, Eun Sung-soo, Chairman of the Financial Services Commission, stated, "There are aspects of the Korea Credit Finance Association chairman's 'self-reappointment' case that are difficult to accept. Complaints have been filed with the Financial Supervisory Service (FSS)." He added, "Since the Financial Services Commission has the authority to take action, we will coordinate with the FSS and take measures."

Yoon Suk-heon, Governor of the FSS, also said, "We have requested the Korea Credit Finance Association to submit related documents and are currently reviewing the contents," adding, "I agree that there is an issue with the self-reappointment. We will take thorough measures."

On the same day, Kim Byung-wook of the Democratic Party pointed out problems with the election of the Korea Credit Finance Association chairman and urged financial authorities to investigate whether the decision was reasonable and to take appropriate action.

Rep. Kim said, "When the chairman of the Korea Credit Finance Association was elected last January, 5 out of the 9 board members participating in the meeting opposed the reappointment. However, Chairman Lim exercised his own voting rights on the board to form a 5-5 tie, and as the chairman of the board, he exercised the final decision-making authority to approve the reappointment."

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