Go Seung-beom and Jeong Eun-bo, First Meeting... United Voices for "Communication and Cooperation"

Meeting at Government Seoul Office Building on the Morning of the 2nd

The scene of Financial Services Commission Chairman Ko Seung-beom and Financial Supervisory Service Governor Jung Eun-bo having their first meeting since taking office on the 2nd at the Government Seoul Office.

[Asia Economy Reporter Jin-ho Kim] The heads of the two financial authorities held their first meeting since taking office and unanimously emphasized "communication and cooperation." In particular, they agreed to proactively respond to various risk factors surrounding the Korean economy and financial markets based on communication and cooperation.

According to the financial authorities on the 2nd, Financial Services Commission Chairman Ko Seung-beom held his first meeting with Financial Supervisory Service Governor Jeong Eun-bo at 11 a.m. at the Government Seoul Office.

Chairman Ko first congratulated Governor Jeong on his inauguration and expressed his will to "cooperate as one body between the FSC and the FSS." He suggested, "Sincere dialogue and active communication between the FSC and the FSS are more important than anything else," and proposed, "Let's work closely together going forward." This is interpreted as an intention to end the conflict phase between the two institutions that repeatedly clashed during the tenures of former FSC Chairman Eun Sung-soo and former FSS Governor Yoon Seok-heon.

Chairman Ko also promised full support at the organizational and budgetary levels so that the FSS can effectively carry out its heavy workload. Furthermore, he emphasized the need for the FSC and FSS to actively communicate with the financial sector and stakeholders to ensure autonomy and creativity in the financial field, and to strive for fair and transparent execution of duties as stipulated by law throughout the process.

In response, Governor Jeong congratulated Chairman Ko on his inauguration and replied, "The FSS will also work in harmony with the FSC in policy and supervision." He said, "Since the FSS conducts inspection and supervision work close to the market and the field, we will actively support the FSC's policy decisions and implementation," and added, "Let's continue joint efforts to provide financial supervisory services based on laws and principles while keeping pace with the market, and to root the financial consumer protection stance in the financial market."

The two leaders also spoke with one voice on proactive responses to various risk factors surrounding the Korean economy and finance. They agreed to preemptively remove potential risk triggers accumulated in the Korean economy, such as the surge in household debt during the COVID-19 crisis recovery process, and to closely monitor various changes due to financial digitalization as the registration of virtual asset service providers approaches, responding jointly upon discovering risk factors.

Finally, the two leaders reaffirmed their commitment to "contribute to financial development through communication and harmony" and promised to "meet frequently in the future to further strengthen their close relationship."

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