The position of Deputy Chief of the Financial Supervisory Service (FSS), typically held by officials from the Financial Services Commission (FSC), may see an internal candidate this time. The upcoming appointment is expected to intertwine the interests of senior personnel changes at the FSC and internal promotions within the FSS.
According to sources in the financial sector, discussions regarding the successor to Lee Se-hoon, whose term is set to expire, will intensify after the National Assembly's audit in early November. Lee's term ends on December 25, 2023, after he transitions from the FSC's Secretary General to the FSS, completing his three-year term.
The Deputy Chief serves as a bridge between the FSS and the FSC. Historically, this role has been filled by individuals from the FSC or the former Ministry of Finance and Economy. Ahn Chang-guk, a standing commissioner at the FSC, is currently mentioned as a candidate. Ahn, who passed the 41st National Civil Service Examination, has held various positions, including Director of Asset Management, Director of Industrial Finance, Director of Capital Markets, Head of the Financial Innovation Planning Division, and Director of the Financial Industry Bureau.
This time, the possibility of an internal promotion within the FSS is also being discussed. FSS Chairman Lee Chan-jin is known to prefer internal promotions since taking office. Potential internal candidates include Hwang Seon-oh, who oversees capital markets and accounting, Kim Seong-wook, responsible for banking and small and medium-sized finance, and Park Ji-sun, who manages insurance. All three were promoted to deputy chief last year and currently oversee major areas within the FSS.
If an internal candidate is appointed as Deputy Chief, it could boost organizational morale. Having someone familiar with internal affairs assist the chairman would also be significant for the FSS. Conversely, this position could provide an opportunity for the FSC to alleviate the backlog of senior appointments. If a senior FSC official, such as the Secretary General or a standing commissioner, moves to the FSS Deputy Chief role, it could open pathways for subsequent promotions at the director level.
The appointment process will require coordination between both sides. While the FSS Chairman recommends the Deputy Chief, the appointment authority lies with the FSC. A financial authority official stated, "Chairman Lee values organizational morale, which is why discussions of internal promotions are emerging. However, the FSC's perspective will also necessitate considerable coordination."
According to sources in the financial sector, discussions regarding the successor to Lee Se-hoon, whose term is set to expire, will intensify after the National Assembly's audit in early November. Lee's term ends on December 25, 2023, after he transitions from the FSC's Secretary General to the FSS, completing his three-year term.
The Deputy Chief serves as a bridge between the FSS and the FSC. Historically, this role has been filled by individuals from the FSC or the former Ministry of Finance and Economy. Ahn Chang-guk, a standing commissioner at the FSC, is currently mentioned as a candidate. Ahn, who passed the 41st National Civil Service Examination, has held various positions, including Director of Asset Management, Director of Industrial Finance, Director of Capital Markets, Head of the Financial Innovation Planning Division, and Director of the Financial Industry Bureau.
This time, the possibility of an internal promotion within the FSS is also being discussed. FSS Chairman Lee Chan-jin is known to prefer internal promotions since taking office. Potential internal candidates include Hwang Seon-oh, who oversees capital markets and accounting, Kim Seong-wook, responsible for banking and small and medium-sized finance, and Park Ji-sun, who manages insurance. All three were promoted to deputy chief last year and currently oversee major areas within the FSS.
If an internal candidate is appointed as Deputy Chief, it could boost organizational morale. Having someone familiar with internal affairs assist the chairman would also be significant for the FSS. Conversely, this position could provide an opportunity for the FSC to alleviate the backlog of senior appointments. If a senior FSC official, such as the Secretary General or a standing commissioner, moves to the FSS Deputy Chief role, it could open pathways for subsequent promotions at the director level.
The appointment process will require coordination between both sides. While the FSS Chairman recommends the Deputy Chief, the appointment authority lies with the FSC. A financial authority official stated, "Chairman Lee values organizational morale, which is why discussions of internal promotions are emerging. However, the FSC's perspective will also necessitate considerable coordination."
* This article has been translated by AI.
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