Lee Eokwon Considers Introducing "Clawback" System to Recover Bonuses from Financial Firm Employees Responsible for Accidents [2025 National Audit]

Lee Eokwon, Chairman of the Financial Services Commission
National Assembly Political Affairs Committee Audit

Lee Eokwon, Chairman of the Financial Services Commission, is speaking at the comprehensive audit of the Financial Services Commission and the Financial Supervisory Service held by the Political Affairs Committee at the National Assembly in Yeouido, Seoul on the 27th. 2025.10.27 Photo by Kim Hyunmin

Lee Eogwon, Chairman of the Financial Services Commission, emphasized that he would consider introducing a 'clawback' system, which would allow financial companies to recover bonuses that have already been paid.

At the National Assembly's Political Affairs Committee audit on the 27th, Chairman Lee made this statement in response to a comment from Assemblyman Lee Heonseung of the People Power Party, who pointed out, "We must not overlook the moral hazard where bonuses are significantly increasing even as financial accidents at banks are surging."

Assemblyman Lee asked Chairman Lee about the status of introducing the clawback system. In response, Chairman Lee explained, "A clawback is a system in which a financial company recovers performance-based compensation that has already been paid if losses occur due to work-related issues," adding, "We will review measures to establish a fair and transparent compensation system in the financial sector within a broad framework."

Assemblyman Lee further requested, "I ask the financial authorities to provide proper guidance and supervision so that the principle shifts from 'the more you earn, the more you take' to 'you only take when you earn safely and responsibly.'"