Financial Services Commission Awards 18 Million Won to 3 Outstanding Employees... Boosting Morale with Strict Rewards and Penalties

The Financial Services Commission awarded a total of 18 million won in bonuses to three employees who delivered outstanding performance. This measure is aimed at spreading a performance-oriented organizational culture and boosting morale within the organization, in line with the government's principle of strict rewards and penalties.

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The Commission announced on April 12 that it held the first “Financial Services Commission Person of the Year” award ceremony on April 10 and revealed the recipients.

The awardees are: Lee Yongjun, Deputy Director, who received 10 million won for preparing a comprehensive plan to improve the capital market; Lee Sangwon, Deputy Director, who received 5 million won for contributing to the establishment and operation of the New Leap Fund to support long-term delinquent borrowers; and Jeong Ingeon, Administrative Officer, who received 3 million won for utilizing advanced forensic techniques to achieve the “ruin of stock manipulators.” Each recipient received a commendation from the Chairman of the Financial Services Commission, a cash prize, and a specially designed medal.

Lee Eog-weon, Chairman of the Financial Services Commission, stated, “An organization that clearly recognizes civil servants with innovative achievements is one that can deliver even greater results for the people. Going forward, we will continue to provide exceptional rewards for outstanding performance and consistently generate financial policy outcomes that the public can truly feel.”

The Commission plans to display the awardees’ achievements in the “Financial Services Commission Hall of Fame” within its headquarters, with the intention of accumulating organizational accomplishments and providing exemplary models for junior employees.

In addition, from April 20, the Commission will begin accepting public nominations for the second Person of the Year award, with the ceremony scheduled for June.

The Financial Services Commission is recognized as a highly influential ministry within the current administration, leading major financial policies such as household loan regulations and expanding whistleblower rewards for stock manipulation, and has even received public praise from President Lee Jaemyung. However, with a workforce of about 400 employees, the organization is considered small relative to its workload, and structural issues such as delayed promotions have accumulated, affecting not only senior officials but also those at the director level.

Although it was previously a highly sought-after ministry among top-ranking civil service exam passers-once dubbed the “flower of the administrative exam”-morale has declined significantly in recent years due to repeated discussions of personnel bottlenecks and organizational restructuring. In this context, attention is focused on whether these strengthened reward measures will actually lead to improvements in organizational climate.

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