Details of official expenses used by Financial Supervisory Service Gov. Lee Chan-jin since taking office have been disclosed for the first time, with most spending tied to discussions on supervisory issues, staff encouragement and meetings with the media.
According to financial authorities on the 29th, the FSS posted the governor’s official expense records on its website the previous day. The disclosure covers eight months, from Lee’s inauguration in August last year through March this year.
Total spending during the period was 16,677,500 won across 76 transactions, averaging about 2.09 million won a month. Monthly totals were 1,621,100 won in August, 2,167,000 won in September, 1,629,000 won in October, 2,336,600 won in November, 2,068,400 won in December, 2,268,300 won in January, 2,204,100 won in February and 2,383,000 won in March.
Most expenses were incurred at restaurants near the FSS headquarters in Yeongdeungpo District, Seoul. By purpose, work-related meetings accounted for the largest share, including discussions on supervisory issues and work plans and sharing difficulties by division. Other items included staff encouragement, meetings with news organizations, consultations with related agencies, and condolence and congratulatory payments.
The disclosure follows Lee’s pledge during an October parliamentary audit by the National Assembly’s Political Affairs Committee. After criticism over how the FSS exercises its authority, he said the agency would improve transparency in its official expenses.
Separately, official expenses under the previous FSS governor totaled 12.10 million won from January through May last year, averaging 2.42 million won a month. Monthly figures were 2.37 million won in January, 2.55 million won in February, 1.82 million won in March, 2.45 million won in April and 2.89 million won in May.
* This article has been translated by AI.
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