Lee Chanjin Meets Union, "Shares Concerns Over Weakened Independence From Public Institution Designation"

Lee Chanjin, Governor of the Financial Supervisory Service. Photo by Kang Jinhyung

Lee Chanjin, Governor of the Financial Supervisory Service, stated on September 12 that he takes seriously the concerns regarding inefficiencies from organizational separation and the potential weakening of independence and neutrality due to the designation as a public institution, in relation to the Financial Supervisory Service's organizational restructuring.

According to the Financial Supervisory Service labor union, Governor Lee made these remarks during a meeting that morning with Acting Union Chairman Jeong Seoseop and Emergency Response Committee Chairman Yoon Taewan. He said, "Despite various efforts, management deeply empathizes with the fact that the outcome was not what the employees wanted."

He added, "We will strive to fully reflect the opinions of union members and employees in discussions with relevant agencies and the legislative process as we design detailed operational measures going forward."

The union announced that day, "We will expand our fight to withdraw the separation of the Financial Consumer Protection Bureau and the designation as a public institution. Next week, we will hold a rally in front of the National Assembly with the participation of all employees." The union also urged, "Please do your utmost to ensure that the Financial Supervisory Service's position is actively reflected in the consultation process with the National Assembly or related agencies."

It is also reported that the union has conveyed that it is considering a general strike in the future.

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