Candidate for Financial Services Commission Chairman Ko Seung-beom: "Will Promote Market-Friendly Policies"

On the 6th, Ko Seung-beom, the nominee for Chairman of the Financial Services Commission, is answering questions from the press as he arrives at the confirmation hearing office set up at the Korea Deposit Insurance Corporation in Jung-gu, Seoul. Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Kim Jin-ho] Go Seung-beom, the nominee for the Chairman of the Financial Services Commission, emphasized the need to "pursue policies in a market-friendly manner" for the development of the financial industry.

According to the Financial Services Commission on the 9th, Go stated during a tea time meeting with senior executives and key directors of the FSC on the 6th, "We will promote policies to maximize the creativity and autonomy of financial companies," adding, "To this end, we will frequently communicate and cooperate with CEOs of financial firms."

Go emphasized, "For the sustainable development of our economy, financial stability and financial development are essential," and added, "The financial industry itself must become a competitive sector that creates quality jobs."

He continued, "It is necessary to strive for the efficiency of financial intermediation functions so that the flow of funds to productive sectors can be smooth."

Go also said, "We will actively utilize the movements of digitalization and innovation," and "We will also work to ensure fairness and transparency in financial administration."

Furthermore, he added, "If appointed as the Chairman of the Financial Services Commission, I plan to listen to opinions on the development of the financial industry through various channels."

He said, "Recently, I came across advice given to me by the Financial Industry Union and the Office Finance Union through news articles," and added, "I will deeply listen to the voices of financial industry workers and open the window wide for dialogue with the unions with an open mind."

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