[2025 Audit] Female Executives Account for Only 5.2% at Financial Public Institutions... Average Salary Also 80%

Although more than half of the employees at financial public institutions under the Financial Services Commission are women, the proportion of female executives remains low. The average salary for women is also approximately 80% of that for men.

According to data submitted by eight financial public institutions under the jurisdiction of the Financial Services Commission to Assemblyman Jangshik Shin of the People's Innovation Party, who is a member of the National Assembly's Political Affairs Committee, as of October 20, the proportion of female workers is 50.7%, and the average salary for women is 79.9% of that for men.

By institution, the gender pay gap was largest at Korea Development Bank, where women earned 72.7% of what men earned. This was followed by Korea Deposit Insurance Corporation (74.7%), Industrial Bank of Korea (75.2%), Financial Supervisory Service (76.3%), Korea Credit Guarantee Fund (80.3%), Korea Asset Management Corporation (81.2%), Korea Housing Finance Corporation (83.0%), and Korea Inclusive Finance Agency (96.4%).

Jang-Sik Shin, member of the People's Innovation Party. Office of Jang-Sik Shin

In particular, of the 51 executives, only 3 were women (5.2%), and among senior positions at grade 2 or higher, only 170 out of 1,509 were women (11.3%). Assemblyman Shin's office pointed out that a structural "glass ceiling" exists, with the proportion of women decreasing sharply at higher ranks.

The gap in years of service, which is cited as a key factor behind the gender pay gap, was also significant. The difference in average years of service between men and women was 6 years at Korea Credit Guarantee Fund, 4 years at Korea Deposit Insurance Corporation, 3.6 years at Korea Asset Management Corporation, 3 years at Korea Development Bank, 2.1 years at Financial Supervisory Service, 1.8 years at Korea Housing Finance Corporation, 1.2 years at Industrial Bank of Korea, and 0.2 years at Korea Inclusive Finance Agency. For employees with more than 20 years of service, women's salaries were only 89.8% of men's.

Assemblyman Shin stated, "The current wage disclosure system simply sums up or averages male and female wages, making it difficult to clearly reveal the glass ceiling and structural wage gap experienced by women." He added, "There is a need to introduce a 'Gender Equality Wage Disclosure System' that also releases detailed indicators such as years of service, workforce composition by rank, promotion speed, managerial ratio, and wage gap compared to starting salary."