Lee Okwon: "Financial Supervisory Policy Falls Under the Jurisdiction of the Financial Services Commission Chairman"

Lee Eokwon, the nominee for Financial Services Commission chairman, is attending the confirmation hearing held by the National Assembly's Political Affairs Committee on September 2, 2025. Photo by Kim Hyunmin

Lee Okwon, nominee for the Financial Services Commission chairman, stated his position regarding the recent actions of Lee Chanjin, governor of the Financial Supervisory Service, saying, "Financial supervisory policy and financial policy are absolutely under the jurisdiction of the Financial Services Commission chairman."

At the confirmation hearing held by the National Assembly's Political Affairs Committee on September 2, Lee responded to a question from Yangsoo Lee, a member of the People Power Party, who asked, "Governor Lee, known as a powerful figure, has been taking bold actions. Is he performing duties that should be handled by the Financial Services Commission chairman?" Lee Okwon replied, "The governor of the Financial Supervisory Service is responsible for the execution of financial supervision," clarifying his stance.

When asked, "Is the governor of the Financial Supervisory Service doing something wrong?" Lee Okwon answered, "I think we need to observe this matter further," but emphasized, "Under such principles, we work as one team and move forward together as institutions."

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