New Financial Supervisory Service Chief Yoon Suk-heun takes office
- 6 years ago
A reform-minded professor is taking the helm of South Korea's Financial Supervisory Service starting today.
Kim Hyesung reports.
Financial Supervisory Service Governor Yoon Suk-heun is taking up the mantle of responsibility as the nation's top financial regulator.
In his inauguration speech Tuesday, Yoon stressed the need to maintain the financial watchdog's independence in order to regain public trust and drive innovation.
He said the FSS exists to supervise a stable, fair order in the financial market, protect consumers and manage risks.
A former visiting professor of business administration at Seoul National University, Yoon also served as the Chairman of the Moon Administration's Financial Administration Innovation Committee who pushed for financial reform measures.
Yoon is now officially the 13th governor since the FSS's establishment and the third governor under the Moon administration.
His inauguration comes after the resignation of Kim Ki-sik, who stepped down in mid-April over various ethical lapses,... including misuse of public funds during his time as a lawmaker.
From day one, the new FSS chief faces various tasks, including alleged accounting fraud at Samsung BioLogics, an investigation into Samsung Securities' trading error on April 6th and ways to regulate Korea's cryptocurrency exchanges.
The FSS is expected to announce the results of its investigation into Samsung Securities in the coming hours.
The company sparked chaos early last month when it mistakenly issued two-point-eight billion shares to employees instead of two-point-eight billion Korean won under its stock ownership plan.
Kim Hyesung, Arirang News.
Kim Hyesung reports.
Financial Supervisory Service Governor Yoon Suk-heun is taking up the mantle of responsibility as the nation's top financial regulator.
In his inauguration speech Tuesday, Yoon stressed the need to maintain the financial watchdog's independence in order to regain public trust and drive innovation.
He said the FSS exists to supervise a stable, fair order in the financial market, protect consumers and manage risks.
A former visiting professor of business administration at Seoul National University, Yoon also served as the Chairman of the Moon Administration's Financial Administration Innovation Committee who pushed for financial reform measures.
Yoon is now officially the 13th governor since the FSS's establishment and the third governor under the Moon administration.
His inauguration comes after the resignation of Kim Ki-sik, who stepped down in mid-April over various ethical lapses,... including misuse of public funds during his time as a lawmaker.
From day one, the new FSS chief faces various tasks, including alleged accounting fraud at Samsung BioLogics, an investigation into Samsung Securities' trading error on April 6th and ways to regulate Korea's cryptocurrency exchanges.
The FSS is expected to announce the results of its investigation into Samsung Securities in the coming hours.
The company sparked chaos early last month when it mistakenly issued two-point-eight billion shares to employees instead of two-point-eight billion Korean won under its stock ownership plan.
Kim Hyesung, Arirang News.