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Financial Supervisory Service faces leadership vacuum amid economic uncertainty


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. ....

South Korea , Lee Dong Gull , Kim Kun Ik , Kim Yong Beom , Yoon Suk Heun , Chung Eun Bo , Financial Supervisory Service , Ministry Of Economy , Korea Development Bank , Financial Supervisory Service Governor Yoon Suk Heun , Financial Services Commission Vice , Supervisory Service Governor Yoon Suk Heun , Governor Yoon Suk Heun , Cheong Wa Dae , Minister Hong Nam Ki , Prime Minister , Kim Boo Kyum , First Senior Deputy Governor Kim Kun Ik , First Vice Finance Minister Kim Yong Beom , Korea Development Bank Chairman Lee Dong Gull , தெற்கு கொரியா , லீ டாங் குல் , கிம் குன் இக் , கிம் யோங் பீம் , யூன் சூக் ஹெங் , சுங் ஏன் போ ,

Naver, Kakao excluded from toughened watch list of financial conglomerates


Naver, Kakao excluded from toughened watch list of financial conglomerates
Amid businesses’ concerns, regulators say progress for transparency will be made through revised laws
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(Yonhap)
Financial authorities on Wednesday ruled out Big Tech firms Naver and Kakao as subjects to one of the “three fair economy bills,” designed to rein in dominance of conglomerates and add transparency to corporate governance here.
“At the moment, Kakao and Naver do not meet the standards,” Financial Services Commission Vice Chairman Doh Kyu-sang said in a briefing of related ministries for the revised bills.
Companies with two or more financial units and total assets of over 5 trillion won ($4.58 billion) are targeted by the bills passed by the National Assembly last week. At the moment, six powerhouses Samsung, Hyundai Motor Group, Hanwha, Mirae Asset, Kyobo and DB are confirmed as subjects of the revised bills. ....

Hyundai Motor Group , Korea Fair Trade Commission Chairperson Joh , Kakao Bank , National Assembly , Financial Services Commission Vice , Services Commission Vice Chairman Doh Kyu Sang , Mirae Asset , Commercial Act , Fair Trade Act , Kakao Pay Securities , Jung Min Kyung , ஹூண்டாய் மோட்டார் குழு , கொரியா நியாயமான வர்த்தகம் தரகு தலைவர் ஜோ , காக்ககோ வங்கி , தேசிய சட்டசபை , நிதி சேவைகள் தரகு துணை , சேவைகள் தரகு துணை தலைவர் தோ கியூ பாடினார் , மீரே சொத்து , வணிகரீதியானது நாடகம் , நியாயமான வர்த்தகம் நாடகம் , காக்ககோ செலுத்த பத்திரங்கள் , ஜங் நிமிடம் கியுங் ,