Lee Chan-jin, the head of the Financial Supervisory Service, said on the 8th that he finds it "unfortunate" regarding the government's decision to separate and establish the Financial Consumer Protection Agency from the Financial Supervisory Service.
On this day, the head noted in an internal notice sent to FSS employees, "The management team, including myself, and the majority of FSS employees have made every effort to ensure that the reform of the supervisory system is made reasonably, but as a result, I find it very unfortunate."
Earlier, the government and the ruling party finalized a reform plan for the financial supervisory system to reorganize the Financial Services Commission into the Financial Supervisory Commission and establish the FSS and the Financial Consumer Protection Agency as public institutions under the Financial Supervisory Commission.
The head stated, "As the head, I know better than anyone the concerns and anxieties that you all feel," adding, "I will actively engage in the National Assembly discussions and consultations with relevant agencies to ensure the functions and roles of the FSS and Financial Consumer Protection Agency are thoroughly addressed."
The head also said, "I will work to minimize your concerns through personnel exchanges between the FSS and the Financial Consumer Protection Agency and improvements in employee treatment." He added, "I will also actively gather the opinions of employees and will set up a forum for communication as soon as possible."