Financial Services Commission faces up to three Grade 1 vacancies

  • Lee Hyung-joo is pursuing the Suhyup Bank presidency, while Park Min-woo is linked to Korea Money Brokerage.
  • Up to three Grade 1 positions could become vacant if the anticipated moves occur.
  • Lee Eog-weon and Kwon Dae-young are expected to remain in their posts for now.

The Financial Services Commission is facing the possibility of up to three Grade 1 vacancies as Korea Financial Intelligence Unit (FIU, financial crime-monitoring agency) head Lee Hyung-joo seeks the Suhyup Bank presidency and Securities and Futures Commission standing commissioner Park Min-woo is linked to Korea Money Brokerage. Park could replace Woo Haeyoung as the brokerage’s CEO, while Lee Se-hoon, a Financial Supervisory Service deputy governor, may move to the Woori Financial Management Research Institute when his term ends in December. The potential reshuffling could ease the commission’s long promotion backlog, although Chairperson Lee Eog-weon and Vice-Chairperson Kwon Dae-young are expected to remain in place for now.

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Financial Services Commission faces up to three Grade 1 vacancies - CoinPost Terminal