7th Financial Day Ceremony... Kim Joo-hyun, Financial Services Commission Chairman, "Inclusion of Socially Vulnerable and Innovation"

Kim Ju-hyun, Chairman of the Financial Services Commission. / Photo by Kang Jin-hyung aymsdream@

[Asia Economy Reporter Song Seung-seop] Kim Ju-hyun, Chairman of the Financial Services Commission, emphasized that “beyond the economic function of fund circulation, a more active role of finance is being highlighted, including inclusiveness for socially vulnerable groups and innovation.”

Chairman Kim Ju-hyun stated this on the 25th at the 7th ‘Financial Day’ commemorative ceremony held at Hanwha Financial Center in Yeongdeungpo-gu, Seoul, saying, “Savings remain the driving force of economic growth and the first button of the virtuous economic cycle.” About 500 people attended the event, including Chairman Kim, Lee Bok-hyun, Governor of the Financial Supervisory Service, awardees and their families, representatives and executives of financial associations and financial companies.

Financial Day is a representative event in the financial sector held on the last Tuesday of October since 2016. It was expanded and reorganized from Savings Day in 1964. On Financial Day, a total of 194 awards are given in three categories of ‘Savings & Investment,’ ‘Inclusive Finance,’ and ‘Innovative Finance’ for contributions to financial development.

On this day, the Order of Civil Merit, the Peony Medal, was awarded in the Inclusive Finance category to Park Seong-woo, Deputy Director of the Credit Recovery Committee. Deputy Director Park was recognized for his contribution to protecting the rights of financially vulnerable groups through establishing a nationwide network of the Integrated Support Center for People’s Finance and expanding nationwide support for personal rehabilitation and bankruptcy litigation. The Order of Industrial Service Merit, the Iron Tower Medal, was awarded in the Innovative Finance category to Kwon Ui-jin, Deputy Director of the Korea Securities Depository, for contributing to the launch of the overseas stock fractional trading system.

Chairman Kim said, “Today, there are people here who practice sharing by living frugally even in difficult circumstances, those who devote themselves to financial education, and those who exert a positive influence on society through steady donations and volunteer activities,” adding, “Through the efforts of the awardees and many others, our finance has been able to develop until now.” He added, “The government will also do its best to ensure that our finance continues to grow closer to the people in the future.”

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