FSC Chairman Lee Ok-won reaffirmed opposition to designating the FSS as a public institution, vowing instead to strengthen oversight and maintain regulatory authority, while also outlining stricter household debt controls and governance reforms for financial firms.
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Lee Ok-won Says 'FSC Should Remain Primary Regulator—FSS Requires Public Institution-Level Oversight'
FSC Chairman Lee Ok-won reaffirmed opposition to designating the FSS as a public institution, vowing instead to strengthen oversight and maintain regulatory authority, while also outlining stricter household debt controls and governance reforms for financial firms.
Financial Supervisory Service Emergency Committee Welcomes Scrapping of Financial Regulator Restructuring Plans
South Korea’s Financial Supervisory Service Emergency Committee welcomed the government’s decision to halt plans to restructure financial regulators, vowing to prioritize financial consumer protection and support ongoing reforms.
Financial Supervisory Service Launches All-Out Effort to Defend Organization—Meets with National Policy Committee Chair
The Financial Supervisory Service union is mounting a large-scale campaign to oppose the separation of the Financial Consumer Protection Agency and public institution designation, warning of weakened independence and diminished consumer protection.
FSS Governor Lee Chan-jin met with the union to address concerns that designating the agency as a public institution could undermine its independence, as employees intensify protests against government-led restructuring.
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Ichanzin Meets Union—'Concerns Over Weakened Independence and Neutrality as FSS Designated Public Institution'
FSS Governor Lee Chan-jin met with the union to address concerns that designating the agency as a public institution could undermine its independence, as employees intensify protests against government-led restructuring.
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