National Policy Planning Committee to Launch on June 16...
Financial Services Commission Prepares for Dispatch
Five-Year Policy Roadmap of the Lee Jaemyung Administration
Presidential Pledges and Policy Tasks to Be Discussed After Briefings
Key Issues Include Small Business Owners, Advanced Industries, and Organizational Restructuring
One Senior Official from Each Ministry Required for Dispatch
Number of Dispatched Personnel Determined by Ministry Size
The National Policy Planning Committee, which is responsible for outlining the policy roadmap of the Lee Jaemyung administration, will be launched on June 16. The Financial Services Commission is also in the process of finalizing its list of dispatched personnel. The commission is reviewing candidates for one senior official and working-level staff members (directors and deputy directors).
According to the National Policy Planning Committee and financial authorities on June 13, the committee has asked each ministry to designate one member of the Senior Executive Service and a set number of working-level staff, and to submit a list of candidates for dispatch.
The National Policy Planning Committee serves as the presidential transition team for the Lee Jaemyung administration, which was formed following the impeachment of President Yoon Sukyeol and the subsequent presidential election. Policies handled by the National Assembly's economic standing committees (the Strategy and Finance Committee and the Political Affairs Committee) fall under the jurisdiction of the Economic Division 1. Accordingly, officials from the Financial Services Commission will be assigned to Economic Division 1. The commission plans to first review the list of senior officials to be dispatched, and then finalize the working-level staff.
The National Policy Planning Committee not only designs national policy tasks but also receives briefings from each ministry through its respective divisions. During this process, the feasibility and funding of President Lee's campaign pledges are further detailed. The Financial Services Commission is known to have prepared policies based on President Lee's campaign promises, including the establishment of a bad bank, debt restructuring measures for small business owners, financial support for advanced industries, and plans to revitalize the capital market.
Being dispatched to the National Policy Planning Committee is often considered a "fast track" for career advancement among civil servants. This is because it offers the opportunity to help shape the new administration's policy blueprint and build relationships with key figures in the new government. Since ministries tend to select their top talent for this assignment, those who complete their tenure at the committee often receive appointments to the presidential office or other major positions.
However, the atmosphere is noticeably different this time. This is because the committee will also address organizational restructuring of the Ministry of Economy and Finance and the Financial Services Commission. The Financial Services Commission has publicly stated that it has "no knowledge whatsoever about the issue of organizational restructuring," remaining tight-lipped. In contrast, the mood within the Ministry of Economy and Finance is different. It has been reported that when a deputy director from the ministry speaks with a fellow administrative service officer working at the Financial Services Commission, they say, "See you soon in Sejong City," implying that the financial policy functions of the commission are expected to be transferred to the ministry.
An official from the Financial Services Commission stated, "The National Policy Planning Committee has requested the dispatch of one senior official and working-level staff from each ministry," adding, "Once the review is complete and the list is finalized, we will begin our activities at the committee."
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