Kim Juhyun and Lee Bokhyun Ahead of Vacation... Financial Authorities Heads Summer Preparation

Kim Juhyun on vacation from July 29 to August 3
Lee Bokhyun plans vacation at end of July
Recently read and recommended mystery and espionage novels draws attention

Kim Ju-hyun, Chairman of the Financial Services Commission. Photo by Heo Young-han younghan@

Kim Ju-hyun, the Chairman of the Financial Services Commission, will go on summer vacation at the end of this month. Kim So-young, the Vice Chairman of the Financial Services Commission, and Lee Bok-hyun, the Governor of the Financial Supervisory Service, have not finalized their schedules but are expected to take their vacations from late July to early August.

According to the financial investment industry on the 26th, Chairman Kim Ju-hyun has confirmed his summer vacation schedule from July 29 to August 3 and has notified it internally. It is known that Chairman Kim will spend his vacation domestically with his family. Vice Chairman Kim So-young has not yet set her vacation schedule.

The Financial Services Commission actively encourages public officials to take vacations for recharging. Since the public service society has a strict hierarchy, the Chairman of the Financial Services Commission takes the lead by applying for vacation first. For this reason, Chairman Kim announced his summer vacation schedule early again this year. The Vice Chairman and first-level executives will also set their vacation schedules, and each department will take vacations autonomously.

Chairman Kim has been focusing on numerous pressing issues such as real estate project financing (PF), the soundness of Saemaeul Geumgo, value-up initiatives, insurance industry reforms, and the management and supervision of digital financial assets (virtual assets), which have been launched as a regular organization.

[Image source=Yonhap News]

Interest in Chairman Kim’s future position is expected to increase after his vacation. A moderate cabinet reshuffle is anticipated after July. Observers suggest that the reshuffle will target the Financial Services Commission as well as the Ministry of the Interior and Safety, the Ministry of Science and ICT, the Ministry of Employment and Labor, the Ministry of Health and Welfare, and others, including Prime Minister Han Duck-soo, who announced his resignation after the general election in April.

Governor Lee Bok-hyun of the Financial Supervisory Service has not yet set his vacation schedule. It is known that he plans to take his summer vacation at the end of July, similar to last year. Governor Lee is also showing a busy schedule. Recently, he has raised his voice on major issues such as the abolition of the financial investment income tax (FITS), short selling, value-up initiatives, and amendments to the Commercial Act. In particular, he attracted attention by advocating for expanding the scope of directors’ fiduciary duties (Article 382-3 of the Commercial Act) to include 'shareholders' while calling for the abolition of the crime of breach of trust. On this day, Governor Lee attended a 'Corporate Governance Improvement Seminar' hosted by the business community to hear opinions on amendments to the Commercial Act.

Despite his busy schedule, Governor Lee is said to enjoy reading in his spare time during the summer. Recently, he read detective novels by Agatha Christie and spy novels by John le Carr? and recommended them to those around him, drawing attention. Both authors are British and are famous for their outstanding reputations in their respective genres.