[Breaking] Eun Seong-su: "The Bank of Korea, which criticized the 'Jeongeum Act,' has admitted to being Big Brother itself"
Criticism of 'Big Brother' is Excessive... The Institution Currently Overseeing the Korea Financial Telecommunications & Clearings Institute is the Bank of Korea
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[Asia Economy reporters Wondara and Seungseop Song] Eun Seong-su, Chairman of the Financial Services Commission, criticized the Bank of Korea's claim that the Electronic Financial Transactions Act (EFT Act) is a 'Big Brother,' saying, "The Bank of Korea currently oversees the Korea Financial Telecommunications and Clearings Institute, so the Bank of Korea has essentially admitted to being the Big Brother itself."
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On the morning of the 19th, after a private meeting with heads of policy banks at the Korea Federation of Banks in Jung-gu, Seoul, Chairman Eun responded to reporters' questions about the Bank of Korea's criticism by saying, "Calling it a Big Brother is an exaggerated statement."
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