Financial Services Commission Appoints Kim Jeong-gak, Capital Market Policy Director, as New FIU Chief

Kim Jeong-gak, the new head of the Financial Intelligence Unit
[Photo by Financial Services Commission]

[Asia Economy Reporter Song Seung-seop] The Financial Services Commission announced on the 1st that it has appointed Kim Jeong-gak (53), Director of Capital Market Policy, as the new head of the Financial Intelligence Unit (FIU).

The Financial Intelligence Unit is an organization under the Financial Services Commission that collects information on suspicious transactions related to money laundering from banks and other institutions, and monitors criminal money laundering and illegal foreign currency outflows.

The new head, Kim, was born in 1969 and graduated from Seoul National University with a degree in Economics, then earned a master's degree in Business Administration from Michigan State University.

He entered public service by passing the 36th Administrative Examination and has served as Director of Asset Management, Director of Industrial Finance, Director of Small and Micro Finance Policy, Head of the Insurance Business Division at the Korea Post, and Planning and Policy Director at the Financial Services Commission.

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