Launch of the 'General Planning Team'
Son Young-chae, Senior Specialist (42nd Administrative Exam), Appointed as Head
[Asia Economy Reporter Park Sun-mi] The Financial Services Commission has launched a General Planning Team to oversee the Special Financial Response Team for Real Estate Speculation and appointed Senior Specialist Son Young-chae as the head of the General Planning Team.
On the 8th, the Financial Services Commission announced that it would establish and operate the General Planning Team (12 members in total) as the general headquarters from this day forward to ensure the stable and efficient operation of the Special Financial Response Team for Real Estate Speculation (hereinafter referred to as the Financial Response Team), which was launched on the 30th of last month. The General Planning Team will oversee and coordinate the work of the Financial Response Team, which consists of about 100 members, and will work organically with the government’s Special Joint Investigation Headquarters (‘Joint Investigation Headquarters’) to faithfully implement key financial sector policies aimed at eradicating real estate speculation.
Senior Specialist Son Young-chae (42nd Administrative Examination) was appointed as the head of the General Planning Team, which oversees the practical work related to the Special Financial Response for Real Estate Speculation. Head Son is recognized for his deep understanding and extensive experience across all areas of finance. In particular, having served as Head of the Capital Market Division, Head of the Fair Market Division, and Head of the Planning and Cooperation Team at the Financial Intelligence Unit, he is regarded as one of the top experts within the financial authorities in areas such as suspicious financial transaction analysis, detection of criminal proceeds, and investigation and analysis of unfair trading.
A Financial Services Commission official stated, "The General Planning Team is composed mainly of practitioners with extensive experience in related fields such as unfair trading and anti-money laundering, and based on accumulated know-how and experience, it plans to serve as a control tower for effectively eradicating real estate speculation." He added, "We will actively utilize available resources in the financial sector as needed to respond to the eradication of speculation."
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