After the Ministry of Economy and Finance, All Senior Officials at Financial Services Commission Resign, Raising Concerns Over Organizational Restructuring Confusion

Following the Ministry of Economy and Finance, it has been reported that Grade 1 senior officials at the Financial Services Commission have also submitted their resignations.

According to the financial sector on September 21, Financial Services Commission Chairman Lee Eogwon received the resignations of four Grade 1 senior officials belonging to the commission on September 19. The officials include two standing commissioners of the Financial Services Commission, one standing commissioner of the Securities and Futures Commission, and the head of the Financial Intelligence Unit (FIU), totaling four people.

The collective resignation of Grade 1 officials at the Financial Services Commission is being interpreted as a personnel overhaul in response to the recent organizational restructuring of financial authorities, including the dissolution of the commission by the Lee Jaemyung administration. Previously, the Ministry of Economy and Finance also requested the resignations of all seven Grade 1 officials, including the Vice Minister, Director-General for International Economic Affairs, Director-General for Fiscal Management, heads of the Budget, Tax, and Planning & Coordination Offices, and the spokesperson.

However, concerns have been raised that the resignations of senior officials may further exacerbate confusion on the ground, as disruptions continue due to the ongoing organizational restructuring of the financial authorities.