Yoon Seok-heon, Financial Supervisory Service Chief, "Responded to Lime Scandal to the Maximum"

[Image source=Yonhap News]

[Asia Economy Reporter Eunmo Koo] Yoon Seok-heon, Governor of the Financial Supervisory Service (FSS), expressed that the FSS actively responded to the Lime Asset Management incident.

On the 20th, during a business report at the National Assembly's Political Affairs Committee, Governor Yoon stated regarding the series of private equity fund incidents including Lime Asset Management, "I believe the FSS utilized its available means and resources to the fullest extent and actively addressed the situation."

In response to criticism that the FSS was passive and merely observant rather than taking proactive and assertive measures, he said, "I am sorry that damages occurred," but added, "At that time, fact verification was necessary, and it was a matter that could cause market confusion if handled improperly. Rushing could have triggered systemic risks such as a fund run, so we proceeded cautiously."