During the Cabinet meeting on the 15th, President Lee Jae-myung said about the Financial Services Commission's June 27 household debt management measures, which center on the 'limit of 600 million won for housing mortgage loans', that 'it is seeing significant effects with appropriate regulation.' According to the Presidential Office, President Lee praised Kim Byeong-hwan, the Chairperson of the Financial Services Commission, during a private meeting that day, saying, 'The interest rate regulation that the Financial Services Commission put forth has been quite effective.'

President Lee Jae-myung is speaking at the Cabinet meeting held at the Presidential Office in Yongsan, Seoul, on the 15th. /Courtesy of the Presidential Office

This is not the first time President Lee has praised the June 27 measures. On the 4th, during a town hall meeting in Daejeon, he introduced Kwon Dae-young, the Secretary-General of the Financial Services Commission, saying, 'He is the one who brought about the restrictions on real estate loans and seems to have organized policies and opinions related to housing loans very well by gathering experts.'

Spokesperson Kang Yoo-jung noted, 'During today's meeting, there was an opportunity for the Financial Services Commission to make some comments, and while doing so, President Lee praised the interest rate regulations and other aspects the Financial Services Commission had put forth as effective, which made everyone laugh.' However, she mentioned that they had not received a separate report from the Financial Services Commission regarding the June 27 measures.

President Lee's 'praise' came as the appointments for the heads of the Financial Services Commission and the FSS have been delayed compared to the appointment of ministerial candidates. Currently, Kim, the chairperson of the Financial Services Commission and the last head under the Yoon Suk-yeol administration, continues to work for over a month even after expressing his intention to resign. Both the Deputy Chairperson of the Financial Services Commission and the Chairman of the FSS are also vacant positions. Spokesperson Kang's answers arose during the process of responding to reporters' questions about the appointment situation. However, Kang stated that there is 'no special reason' for the delay in the appointments and noted that she was 'not aware' of the considerations regarding the reappointment of the Chairperson of the Financial Services Commission.

At the meeting that day, the Korea Meteorological Administration, the National Fire Agency, and the Korea Forest Service reported on issues related to heatwaves and heavy rains. Typically, external agencies are not subject to reporting at Cabinet meetings, but this was an act based on the President's directive, emphasizing the importance of disaster preparedness, especially for summer heavy rains. President Lee has reportedly asked why the Korea Meteorological Administration is classified under the Ministry of Environment instead of the Ministry of the Interior and Safety in the government organizational system, particularly emphasizing disaster response efficiency.

President Lee asked, 'Isn't it strange from the Korea Meteorological Administration's perspective that it is not under the Ministry of the Interior and Safety but under the Ministry of Environment?' To this, the Korea Meteorological Administration responded, 'In Canada, it is under the Ministry of Environment, while in Japan, it is under the Ministry of Land, Infrastructure and Transport, so the agency's affiliation varies by country. Our country's Korea Meteorological Administration moved under the Ministry of Environment in 2008 due to issues related to fine dust and water resources management.' President Lee is said to have acknowledged this by saying, 'Considering disasters, it seems right to be under the Ministry of the Interior and Safety, but I see there is such background.'

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