Assemblyman Bae Jin-gyo: "FSS Lenient on Internal Disciplinary Actions"

[Asia Economy Reporter Hyungsoo Park] The Financial Supervisory Service (FSS) has been criticized for issuing lenient punishments for misconduct revealed through internal inspections.

On the 12th, the People's Solidarity for Participatory Democracy's Administrative Monitoring Center and Justice Party lawmaker Bae Jin-gyo announced that after reviewing the FSS's job inspections and disciplinary records from 2016 to August of this year, all seven cases of criminal punishment among 32 disciplinary actions were instances where the misconduct was uncovered by external organizations.

The criminally punished misconduct included one case of improper handling of recruitment tasks, five cases of nominee transactions involving financial investment products, and one case of bribery and violation of confidentiality obligations.

Last year, the FSS imposed disciplinary actions such as reprimand (2 people), salary reduction (2 people), and dismissal (1 person) on five individuals whose misconduct was revealed through job inspections. Except for the dismissal case, all four disciplinary actions were imposed internally within the FSS.

Specifically, regarding the employee who leaked internal documents related to the Lime Asset Management redemption suspension incident, the Inspection Department recommended suspension, the Personnel Ethics Committee recommended a reprimand, and the FSS Governor ultimately decided on a salary reduction.

For a Grade 2 employee who refused to submit materials related to financial investment products, the Inspection Department suggested a salary reduction, but the final disciplinary action was a reprimand, which is less severe than a salary reduction.

According to the results of the annual self-audit activities conducted by the Board of Audit and Inspection, the FSS's job inspections and self-audits received a D grade in 2018 and C grades in 2019 and 2020.

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