The Financial Supervisory Service (FSS), South Korea’s financial regulator, is pursuing organizational reforms ahead of the January 2027 review of whether it becomes a public institution while seeking additional 2027 staff and investigative resources. Proposed reforms include at least seven business days’ preparation for unscheduled on-site inspections, clearer criteria for unannounced inspections, executive approval for extended inspections and tighter limits on interim announcements of findings. Separately, the FSS has requested around 10 additional members for its capital-market special judicial police unit, below Governor Lee Chan-jin’s earlier proposal for more than 30, alongside a civil livelihood investigative unit and more accounting and cybersecurity staff. The Financial Services Commission (FSC) will review the budget and personnel requests next month, while the FSC and FSS plan to report the reform package to the Public Institution Management Committee (PMC) on November 9.