Financial Supervisory Service Conducts Frequent Department Head Personnel Changes... Full Deployment of 40s

[Image source=Yonhap News]

[Asia Economy Reporter Song Hwajeong] Lee Bokhyun, Governor of the Financial Supervisory Service (FSS), has carried out an extraordinary personnel reshuffle replacing 38% of department heads. Employees in their 40s were fully deployed, and female personnel were also selected.

On the 25th, the FSS appointed 19 deputy directors and team leaders as new bureau chiefs (effective August 29) and conducted an extraordinary personnel reshuffle replacing 40 department heads, accounting for 38% of bureau chief-level positions.

This personnel reshuffle was conducted within the minimum scope accompanying executive personnel changes. To ensure organizational stability, experienced and seasoned employees born between 1969 and 1971 from institutions preceding the integrated FSS (established in 1999) were fully assigned as deputy bureau chiefs. At the same time, young and talented open recruitment employees were selected and placed in key departments for efficient organizational management.

In this reshuffle, Kim Junhwan (born in 1969), Director of the Credit Finance Supervision Bureau, was appointed as Director of the Banking Supervision Bureau; Ahn Seunggeun (born in 1970), Director of the Capital Market Research Bureau, was appointed as Director of the Planning and Coordination Bureau; and Hwang Seono (born in 1971), Head of the Disclosure Review Office, was appointed as Director of the Capital Market Supervision Bureau, taking key positions.

Additionally, half of the newly promoted department heads were selected from open recruitment and assigned to important positions, breaking away from the previous seniority-based personnel practices and enhancing organizational vitality. Governor Lee boldly selected outstanding talents among employees in their 40s and placed them appropriately to promote personnel renewal. Kim Sungwook, an open recruitment department head and team leader of the Human Resources Development Office, was promoted to Director of the Human Resources Development Office, and Han Gu, team leader of the Special Bank Inspection Bureau, was appointed as Chief Secretary. Park Hyunseop, a department head in his 40s and Deputy Director of the Savings Bank Supervision Bureau, was promoted to Director of the Mutual Finance Bureau, and Kwon Youngbal, team leader of the Investigation Planning Bureau, was promoted to Chief of the Capital Market Special Judicial Police. Yoon Jeongsook, Deputy Director of the Financial Investment Inspection Bureau, was appointed as Director of the Accounting Investigation Bureau, selecting capable female personnel and placing them in frontline departments to fully demonstrate their work ability and expertise. As a result, the FSS now has female department heads in three main headquarters departments.

Furthermore, the FSS plans to establish a Short Selling Investigation Team. Although regular organizational restructuring is generally scheduled for the 2023 regular personnel reshuffle, Governor Lee’s judgment that it is indispensable under the current financial market conditions appears to have influenced this decision.

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