Governor Lee Chanjin: "The Financial Supervisory Service Has a Duty to Faithfully Implement Government Decisions"

Urges Executives at Executive Meeting on the 16th
Organizational Restructuring of Financial Authorities Expected to Accelerate

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

Lee Chanjin, Governor of the Financial Supervisory Service, stated on the 16th regarding the organizational restructuring, "As a public institution, the Financial Supervisory Service has the duty to faithfully implement the government's decisions."

According to the financial sector, Governor Lee emphasized during an executive meeting that morning that "the restructuring of the supervisory system is a matter that has been finalized and announced as the official government reorganization plan after several months of discussions by the National Planning Committee and consultations between the administration and the ruling party following the launch of the new government," stressing the need to comply with it.

Governor Lee also instructed the immediate launch of a legislative support task force (TF) headed by Lee Sehun, Senior Deputy Governor of the Financial Supervisory Service. This move is interpreted as an intention to actively participate in the National Assembly's discussions on legal amendments, such as the recent proposal of the amendment to the Act on the Establishment of the Financial Services Commission, by providing opinions on areas requiring further revision or modification.

Additionally, Governor Lee reportedly urged the executives to "ensure there is no negligence in the core work of the Supervisory Service and to take full responsibility for their assigned duties," delivering a stern reminder.

The previous day, Lee Eogwon, Chairman of the Financial Services Commission, also expressed a similar stance in a letter to employees during his inauguration ceremony, stating, "As public officials, it is our duty and obligation to follow the final decisions once they are made," demonstrating an attitude of acceptance.

As Governor Lee has also expressed a position similar to Chairman Lee, the organizational separation of the financial authorities is expected to accelerate going forward.

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