Governor Lee Chanjin of the Financial Supervisory Service Discloses Official Business Expenses for the First Time Since Taking Office... Average Monthly Spending at 2.09 Million Won

Major Expenses Focused on Financial Issues and Staff Encouragement

Lee Chanjin, Governor of the Financial Supervisory Service, has disclosed details of his official business expenses for the first time since taking office. This is the first time that the head of the Financial Supervisory Service has released such detailed information on official business expenditures.

Yonhap News Agency

According to the "Detailed Statement of Official Business Expenses for the Head of the Organization" released by the Financial Supervisory Service on April 29, Lee used a total of 16.68 million won in official business expenses over eight months from his appointment in August last year through last month. The expenses were incurred over 76 cases, with an average monthly expenditure of approximately 2.09 million won.

The first expenditure after his appointment was in mid-August last year, when 200,000 won was spent to purchase refreshments to encourage the "Joint Response Task Force for Eradicating Stock Price Manipulation."

A significant portion of the spending was for meetings to discuss key supervisory issues in the financial sector. There were also numerous expenses related to internal communication, including staff encouragement, gathering feedback, and sharing major issues and challenges by division. The records also included communication-focused gatherings and meetings with the press.

The majority of the official business expenses were used at restaurants in Yeongdeungpo-gu, Seoul, where the headquarters of the Financial Supervisory Service is located.

This disclosure of official business expenses was a follow-up measure to a promise made by Lee during the National Assembly's Political Affairs Committee audit in October last year. At that time, there were criticisms regarding the excessive exercise of authority by the Financial Supervisory Service during the tenure of former Governor Lee Bokhyun. In response, Governor Lee stated that he would release details of the official business expenses.

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