Ibok Hyun, head of the Financial Supervisory Service, said on the 7th, “As issues such as corporate restructuring and the enhancement of financial company soundness are expected to arise, I will endeavor to maintain the stability of the financial system with heightened vigilance.”
On the same day, the head attended the plenary session of the 2025 Financial Supervisory Advisory Committee held at the Bank Hall in Jung-gu, Seoul, and noted, “The volatility of the stock and bond markets is accelerating, and the continued sluggish domestic demand and changes in the internal and external industrial environments are persisting.”
The head said, “Until recently, high inflation and high interest rates have continued, delaying economic recovery and constraining growth momentum,” adding that “fears of slowing growth in major countries and changes in the tariff policy of the new U.S. government are ongoing burdens that continue to expand volatility in domestic and international financial markets.”
The head emphasized the need to continue efforts to advance the capital market. He stated, “We will continue to improve systems to protect shareholder value, including improving public offerings (IPOs) and establishing a disclosure system for the exercise of voting rights, while maintaining a strict stance against various unfair trading and self-interest-seeking activities that undermine the credibility of the capital market.”
He also said, “In the current situation where uncertainties in the financial market are deepening due to rapid fluctuations in stock prices, I will strengthen management and supervision of internal controls to ensure that fundamental trust in the financial sector is not undermined due to large-scale mis-selling and financial accidents.”
About 120 participants, including advisory members, attended the meeting to seek the development and supervisory direction of the financial market and industry. Lee Jong-oh and Hwang Seon-oh, deputy heads of the Financial Supervisory Service, gave presentations on 'FSS digital financial supervision direction and recent trends in the financial sector,' while chairing the discussion, Lee Joon-seo, advisory committee chair and professor at Dongguk University Department of Business Administration, engaged in discussions on major current issues and future tasks.