Selected Outstanding Public Officials for Proactive Administration Including 'Enhanced Support for Cheongnyeon Doyak Account'

Through Public Perception and External Evaluation, 8 Outstanding Cases Selected and Responsible Persons Awarded

The Financial Services Commission selected outstanding public officials for proactive administration in the first half of the year and awarded eight individuals.

On the 19th, the FSC announced that it received 10 cases through internal and external calls for submissions and finalized eight outstanding cases after evaluation by the 'Proactive Administration Monitoring Team.' Starting this year, the FSC plans to select outstanding cases and public officials quarterly, increase the number of selected individuals from six to eight, and provide exceptional incentives such as the highest grade of performance bonuses.

Among the highly rated cases were three examples: strengthening support for Youth Leap Accounts to establish a foundation for youth asset formation amid difficult economic conditions such as high interest rates and high inflation; rapid credit recovery support for vulnerable groups including low-income earners and small business owners; and integrated debt adjustment for telecommunications to support the recovery of telecommunications-vulnerable groups.

Following these were four cases that improved and supplemented existing systems to enhance convenience for the public. A case strengthening the prevention of erroneous remittances to enhance consumer protection received high praise. Also selected were initiatives to fully digitize the licensing, registration, and reporting processing system to implement digital-based financial administration; the expansion and reorganization of the financial sector's Do Not Call system; and activation plans for lifecycle-tailored financial education that improved existing financial education. Additionally, a customized corporate finance support plan to expand future growth engines of the Korean economy was well evaluated.

Kim Ju-hyun, Chairman of the Financial Services Commission, commented on the selected outstanding public official cases, saying, "These are meaningful as livelihood financial policies that the public can feel amid difficult economic conditions," and encouraged them as "proactive policies that supplement and improve existing systems to strengthen consumer protection."