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Financial Supervisory Service faces leadership vacuum amid economic uncertainty
Posted : 2021-05-07 15:27
Updated : 2021-05-07 15:32
Financial Supervisory Service Governor Yoon Suk-heun, center, answers questions from reporters in Seoul on March 30. Yonhap
By Lee Min-hyung
The Financial Supervisory Service (FSS) is facing a leadership vacuum as Governor Yoon Suk-heun ends his three-year tenure on Friday.
It remains unclear who will replace Yoon as Cheong Wa Dae is still mulling a possibly large-scale reshuffle of its economic team.
Finance Minister Hong Nam-ki is taking on a dual role as the leader of the Ministry of Economy and Finance and acting prime minister. There is a chance that the presidential office will reshuffle the head of the financial watchdog around the end of this month when Prime Minister nominee Kim Boo-kyum takes office.
Reshuffle of top financial regulators likely
Posted : 2021-04-02 16:03
Updated : 2021-04-05 09:41
Financial Services Commission Chairman Eun Sung-soo, center, answers to questions from lawmakers during the National Policy Committee meeting at the National Assembly in Seoul in this February file photo. With him is Financial Supervisory Service Governor Yoon Suk-heun. Korea Times photo by Oh Dae-geun
By Park Jae-hyuk
The replacement of the heads of the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) has become highly probable, since the administration appears to be carrying out a cabinet reshuffle if the ruling party candidates lose the April 7 mayoral by-elections in Seoul and Busan.
Reshuffle of top financial regulators likely
Posted : 2021-04-02 16:03
Updated : 2021-04-02 16:07
Financial Services Commission Chairman Eun Sung-soo, center, answers to questions from lawmakers during the National Policy Committee meeting at the National Assembly in Seoul in this February file photo. To his right is Financial Supervisory Service Governor Yoon Suk-heun. Korea Times photo by Oh Dae-geun
By Park Jae-hyuk
The replacement of the heads of the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS) has become highly probable, since the administration appears to be carrying out a cabinet reshuffle if the ruling party loses the April 7 by-election.