By Kim Tae-gyu
Staff Reporter
Kim Yong-hwan, 56, a member of the standing committee of the Financial Services Commission (FSC), will be appointed as deputy governor of the Financial Supervisory Services (FSS) today.
Concurrently, he would lead an ad-hoc organization of the FSS, geared toward helping struggling companies get back on track. It launched operations late November.
Kim started his career in the public sector after passing the exam to become a ranking bureaucrat in 1979 and has performed various jobs in financial regulating agencies.
Kim is replacing former FSS Deputy Governor Lee Woo-cheol, who took the helm of the Korea Life Insurance Association late last month.