Term of Legal Advisor Jeon Young-woo Expired
Financial Supervisory Service Deputy Governor and Deputy Governor Resign
Lee Bok-hyun "Will Strengthen Performance-Oriented Personnel Policy"
Jeon Young-woo (49th Judicial Examination, 39th Judicial Research and Training Institute), Legal Advisor at the Financial Supervisory Service (FSS), is scheduled to return to the prosecution, and with the resignations of Deputy Director Lee Joon-soo and Deputy Director Kim Jung-tae, the FSS faces increased personnel demands. Given that FSS Governor Lee Bok-hyun previously announced a strengthening of performance-oriented personnel policies, there is speculation that the scope of personnel changes could be significant.
According to the FSS on the 2nd, Legal Advisor Jeon Young-woo will complete his two-year term and return to the prosecution during the second half of the year’s personnel reshuffle.
The FSS Legal Advisor provides legal counsel to the FSS Governor. Typically, the position has been filled by deputy chief prosecutors or chief prosecutors. However, after Governor Lee, a former prosecutor, took office, Jeon, a rank-and-file prosecutor, was appointed. Advisor Jeon is a junior prosecutor who investigated the Samsung BioLogics accounting fraud case in the Special Investigation Division 4 alongside Governor Lee Bok-hyun. Prosecutor Cheon Jae-in, who was appointed alongside Advisor Jeon, is also expected to return to the prosecution.
Earlier, on July 25, Deputy Director Lee Joon-soo, in charge of banking and small finance at the FSS, and Deputy Director Kim Jung-tae, responsible for disclosure and investigation, both resigned simultaneously. This leaves two vacancies among the 13 FSS executives (4 deputy directors and 9 deputy director assistants). Deputy Director Lee Se-hoon will temporarily take over the duties of former Deputy Director Lee, and Deputy Director Assistant Hwang Sun-oh will cover the responsibilities of former Deputy Director Assistant Kim, ensuring no significant operational gaps.
Meanwhile, interest in personnel changes within and outside the FSS is growing. This is due to Governor Lee’s unusual mention of personnel policy in the 'Executive Meeting Requests' in July. In the July department head reshuffle, only the capital markets division saw transfers, minimizing position swaps.
Governor Lee stated, "Future personnel changes will further strengthen the performance-oriented approach, so please engage more actively in your work," and added, "The regular personnel reshuffle scheduled for the end of this year will be conducted based on work performance rather than seniority."
Some speculate that the regular year-end personnel reshuffle might be advanced to August due to pressing issues such as the Wemakeprice (WEMAKEPRICE) and TMON incidents, real estate project financing (PF), and short selling.
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