Lee Bok-hyun, Tackles Financial Crimes Affecting Livelihoods: "Complete Overhaul of Financial Consumer Protection Office"

Lee Bok-hyun, Governor of the Financial Supervisory Service

Lee Bok-hyun, Governor of the Financial Supervisory Service (FSS), has ordered a complete reorganization of the Financial Consumer Protection Division to respond to financial crimes that harm the livelihood of the people.

At the executive meeting on the 15th, Governor Lee stated, "We need to listen carefully to the voices of the public who wish for the eradication of financial crimes and the elimination of unfair market practices in the financial sector," and gave this directive.

He instructed that the FSS's livelihood-related organization, the Financial Consumer Protection Division, be completely restructured from its current system focused on damage prevention and rights protection to a system aimed at responding to livelihood infringements and establishing a fair market order. Additionally, Governor Lee emphasized that the FSS should actively participate in government-wide efforts to stabilize the livelihood of the people and respond with full force.

Regarding measures against market destabilization acts related to the short-selling ban, Governor Lee ordered, "Strictly crack down and take action," and instructed, "Cooperate with the Financial Services Commission to ensure that proper measures are in place to actively protect individual investors."

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