Lee Eok-yeon, the nominee for chairman of the Financial Services Commission, said on the 2nd that he will strengthen financial oversight on mutual financial sectors such as Saemaul Geumgo (community credit cooperatives) and NongHyup.
During the National Assembly confirmation hearing that day, the nominee responded to Democratic Party of Korea lawmaker Lee Jeong-mun's point that financial accidents in the mutual financial sectors have been repeated.
When the lawmaker pointed out, "Supervision of the mutual finance sector should also be unified under the financial authorities," the nominee said, "From the supervisory aspect, the necessity for the unification of supervision in the mutual finance sector is very high. However, since consultations with the relevant ministries are necessary, I will discuss it in the future."