Emphasizing Financial Policies for Growth Engines
Avoids Commenting on Financial Authority Restructuring
Kwon Daeyoung, Secretary General of the Financial Services Commission, is announcing the future policy direction for the orderly soft landing of real estate PF at the Government Seoul Office in Jongno-gu, Seoul, on the 13th. Photo by Jo Yongjun jun21@
On July 21, Kwon Daeyoung, the newly appointed Vice Chairman of the Financial Services Commission, identified "restoring livelihoods" as his top policy priority. He also stated that he would pursue policies to enable finance to play a role in driving growth engines.
Immediately after his inauguration that morning, Vice Chairman Kwon visited the press room at the Government Seoul Office and said, "I believe that helping struggling citizens recover is the most urgent task," adding, "We will ensure that finance contributes to restoring livelihoods."
He continued, "Since the DNA of the Financial Services Commission is financial system stability, market stability is always something we must work hard to maintain. I also believe we need to pay more attention to issues such as debt and the challenges faced by socially disadvantaged groups."
He emphasized the need for financial policies that guide market funds from unproductive areas to productive sectors. He said, "I want to open the way for the excess funds in the financial sector to flow into productive places."
Vice Chairman Kwon refrained from commenting on organizational restructuring, which is one of the most closely watched issues for financial authorities. When asked by a reporter whether he had heard anything recently about the restructuring, he replied, "I don't think it's appropriate for me to comment on that." He added, "There are many tasks assigned to me, so my duty is to focus on those diligently. Fulfilling one's assigned duties is the role of a public servant."
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