Bok-hyun Lee, Financial Supervisory Service. /Courtesy of Financial Supervisory Service

Lee Bok-hyun, the head of the Financial Supervisory Service, emphasized on the 3rd that this year, our economy stands in the midst of uncertainty and that the financial industry must play a supportive role at the forefront of the economy.

On this day, Lee said at the '2025 Comprehensive Financial New Year’s Meeting' held at the Lotte Hotel in Sogong-dong, Jung-gu, Seoul, “Our financial industry has greatly contributed to economic stability by providing timely funds during difficult times.”

Lee noted, “Even if the internal and external environment changes rapidly, we must ensure adequate loss absorption capacity to prevent our financial system from shaking, and we should focus on strengthening our crisis response capabilities.” He added, “This year, as social demands for supporting the livelihood economy are expected to increase, we must also actively work on this.”

He continued, “We need to closely examine structural changes such as population decline, digital innovation, and climate change, and prepare for them in the medium to long term.” He said, “The FSS will communicate closely with the market to ensure financial market stability and consumer protection and will spare no effort in supporting the financial industry to prepare for the future.”