New FSS senior deputy governors appointed
From left, Korea Financial Intelligence Unit Commissioner Kim Kun-ik, and former Financial Supervisory Service (FSS) deputy governors Choi Seong-il and Kim Do-in. The former was appointed first senior deputy governor of the FSS, and the other two senior deputy governors, Thursday. / Yonhap
By Kim Bo-eun
The Financial Services Commission (FSC) appointed a new first senior deputy governor at the Financial Supervisory Service (FSS), Thursday, and two more senior deputy governors under him.
The nominees were recommended by the FSS governor and approved by Cheong Wa Dae and the FSC.
Korea Financial Intelligence Unit (KoFIU) Commissioner Kim Kun-ik was named as first senior deputy governor of the FSS, who will lead the team of senior deputy governors overseeing organizational management, coordination and planning.
Former FSS deputy governors Choi Seong-il and Kim Do-in were upgraded to senior deputy governors. Choi and Kim will each oversee banks and capital markets.
The KoFIU chief earned a bachelor's degree in economics from Seoul National University and a master's in economics from the London School of Economics.
He has been with the FSC as head of the KoFIU since 2018. The KoFIU is the agency responsible for implementing anti-money laundering and combating the financing of terrorism.
The FSS is a quasi-government agency that inspects and supervises financial services firms under the supervision of the FSC, a government regulatory authority.
Choi obtained a bachelor's degree in economics from Seoul National University and an MBA from the University of Chicago.
He began his career at the Bank of Korea and has held key positions at the FSS.
Kim Do-in acquired a bachelor's degree in law from Seoul National University, began his career at the Securities Supervisory Board and has been with the FSS since 1999.
The FSS has four senior deputy governors. Kim Eun-kyung, formerly a professor at the Hankuk University of Foreign Studies Law School, was appointed as senior deputy governor and chief of the FSS Financial Consumer Protection Bureau in March. She became the first woman to be appointed to senior deputy governor at the supervisory agency.
The new senior deputy governors will serve a three-year term starting today.
Outgoing senior deputy governors Yoo Kwang-yeol, Kown In-won and Won Seung-yeon left the FSS, Thursday.
The FSS was established in 1999 after four separate supervisory authorities were integrated. The FSS and FSC were initially an integrated body, but were separated in 2008. The FSC holds statutory authority over financial policies and regulatory supervision.