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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. ....

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Financial supervisory chief warns on risk of rising household debt


Financial supervisory chief warns on risk of rising household debt
Posted : 2020-12-23 16:57
Updated : 2020-12-23 21:19
Financial Supervisory Service Governor Yoon Suk-heun speaks during a year-end online press conference at its headquarters in Seoul, Wednesday. Screen capture from YouTube
By Lee Min-hyung
The Financial Supervisory Service (FSS) has reiterated its determination to maintain strict regulations on household lending, as the nation s household debt-to-GDP ratio remains at a very high level.
We do not consider the non-collateral (credit) loan regulation excessive because of the relatively high household debt level and the coronavirus-induced economic downfall, FSS Governor Yoon Suk-heun told reporters during a year-end online press conference, Wednesday. ....

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