Financial Supervisory Service As the integrated supervisory authority, the FSS oversees financial services firms across
the entire financial sectors.

About FSS

Management

The Financial Supervisory Service is headed by the governor, the top executive. Under the Establishment Act that created the Financial Supervisory Service, up to four senior deputy governors and ten deputy governors including chief accountant may be appointed. The chief executive auditor is the officer responsible for compliance and internal audit. The governor is appointed by the president with the recommendation of the chairman of the Financial Services Commission. The governor, the senior deputy governors, and the deputy governors each serve a three-year term that may be renewed once. As of February 7, 2022, four senior deputy governors and ten deputy governors including chief accountant were performing their duties under the governor.

Jeong Eun Bo Governor

  1. Kim Ki Young

    Chief Executive Auditor Internal audit, compliance

  2. Lee Chanwoo

    First Senior Deputy Governor Planning and Insurance

Jeong Eun Bo

Governor

Jeong Eun Bo took office as the 14th Governor of the Financial Supervisory Service on August 5, 2021. He was appointed by the President with the recommendation of the Chairman of the Financial Services Commission as provided under article 29 of the Act on the Establishment of the Financial Services Commission. He serves a three-year term that may be renewed once. In announcing Mr. Jeong’s nomination, the FSC noted his long and distinguished career in public service, including Deputy Minister of Strategy and Finance and Vice Chairman and Secretary General of the FSC. Immediately prior to joining the FSS, Mr. Jeong spent close to two years as Ambassador for Defense Cost-sharing Talks with the United States.

Mr. Jeong started his public service career at the Ministry of Government Administration in 1985 after passing the 28th civil service examination. In September of the same year, he began working at the Ministry of Finance and became involved in key economic policy areas mainly covering macroeconomic policy making, financial policy making, and international finance in various capacities. He became Deputy Director General of the International Finance Bureau at the Ministry of Strategy and Finance in 2008 and Director General of the Financial Policy Bureau at the FSC in 2010. He then rose to the position of Secretary General of the FSC in 2012 and was appointed Deputy Minister of Strategy and Finance in 2013 and Vice Chairman of the FSC in 2016.

Mr. Jeong earned a B.A. and an M.A. in business administration from Seoul National University in 1984 and 1986, respectively. He also received a Ph.D. in economics from Ohio State University in the U.S. in 1996.

Lee Joonsoo

Deputy Governor

Bank Supervision

Lee Joonsoo is Deputy Governor responsible for bank supervision. He was appointed to the post on November 12, 2021, by Governor Jeong Eun Bo pursuant to article 29(3) of the Act on the Establishment of the Financial Services Commission. He serves a three-year term that may be renewed once.

Mr. Lee assumes his new role with extensive supervision expertise in financial markets. He began his career in financial supervision at the Bank of Korea in January 1992. After moving to the Financial Supervisory Service in July 1999, Mr. Lee performed a range of supervisory activities at the Credit Supervision Department (1999), the General Affairs Department (2000), the Disclosure Supervision Department (2002), the Bank Supervision Department (2003), and the Supervision Coordination Department (2009). In March 2010, he was promoted to lead the Specialized Credit Finance Coordination Team under the Specialized Credit Finance Supervision Office. He became the head of the Bank Coordination Team of the Bank Supervision Department in May 2012 and the Monitoring Team of the Bank Examination Department 1 in April 2014. He was then promoted to Director of the Secretary to the FSS Governor Office in November 2017. Immediately prior to his appointment, he was Director General of the Bank Supervision Department. Mr. Lee received a B.A. in economics from Yonsei University in 1991 and a master’s degree in economics from Boston University in 1999. He also received an LL.B. from Korea National Open University in 2004.

Lee Kyungsik

Deputy Governor

Financial Investment Services Supervision

Lee Kyungsik is Deputy Governor responsible for financial investment services supervision. He was appointed to the post on November 12, 2021, by Governor Jeong Eun Bo pursuant to article 29(3) of the Act on the Establishment of the Financial Services Commission. He serves a three-year term that may be renewed once.

Mr. Lee began his career at the Securities Supervisory Board in 1992 and joined the Financial Supervisory Service in 2000 following its creation as the integrated supervisory authority. Throughout his career at the Financial Supervisory Service, he served in a number of positions in securities and asset management oversight including capital market supervision, corporate disclosure, and asset management supervision. He led the Trust Affairs Team in 2010 and the Banking Business Supervision Team in 2011. He then headed a team under the Corporate Disclosure Department in 2013 before moving to the International Cooperation Department in 2016. In 2018, he took the position of Deputy Director General at the Capital Market Supervision Department. He then became Director General of the Asset Management Supervision Department in 2019 and the Capital Market Supervision Department in 2020. Mr. Lee received a B.A. in economics from Seoul National University in 1992 and an M.B.A. from the University of Minnesota in the United States in 2007.

Lee Chanwoo

First Senior Deputy Governor

Planning and Insurance

Lee Chanwoo is First Senior Deputy Governor in charge of planning and insurance. He was appointed to the post on October 25, 2021, by the Financial Services Commission with the recommendation of the Governor of the Financial Supervisory Service as provided in article 29(3) of the Act on the Establishment of the Financial Services Commission. He serves a three-year term that may be renewed once.

Mr. Lee assumes his new role at the Financial Supervisory Service with extensive expertise in financial supervision and regulation. He joined the Office of Senior Presidential Secretary for Policy Planning in 2001 and the Office of Presidential Secretary for Civil Affairs in 2002. In September 2002, he received a secondee assignment at the International Bank for Reconstruction and Development. After completing the secondee assignment, he moved to the Ministry of Finance and Economy in 2005 and headed the Social Welfare Policy Division under the Economic Policy Bureau. He then led the Economic Analysis Division in 2006 and the Economic Policy Division in 2008 under the same bureau. In February 2009, he was seconded to the Presidential Council on National Competitiveness and then the Institute of Foreign Affairs and National Security for short-term training in February 2011. In September 2011, he returned to the finance ministry as Deputy Director General in charge of future strategy. He then became the Deputy Director General for Price Policy in January 2012 and the Policy Advisor to the Minister in April 2013. Mr. Lee became the Director General responsible for devising future social policy in October 2013, Director General of the Economic Policy Bureau in August 2014, and Deputy Minister in January 2016. He also served as a visiting research fellow at the Korea Development Institute in 2019. Immediately prior to his appointment, he was Non-Standing Chairman of the Gyeongsangnam-do Economic Innovation Promotion Committee. Mr. Lee received a B.A. in political science and a master’s degree in public administration from Seoul National University in 1988 and 1990, respectively. He also received an M.B.A. from Yale School of Management in 1995.

Kim Ki Young

Chief Executive Auditor

Internal audit, compliance

Kim Ki Young is the Chief Executive Auditor responsible for internal audit and compliance at the FSS. He was appointed to the post by the President with the recommendation of the Chairman of the Financial Services Commission on January 7, 2022, for a three-year term as provided for under article 29(4) of the Act on the Establishment of the Financial Services Commission. His three-year term may be renewed once.

Mr. Kim joins the FSS with a distinguished career in audit and inspection. He passed the 35th Civil Service Examination in 1991 and began working at the Board of Audit and Inspection of Korea in 1998. He worked at the coordination division of the Bureau of Social and Welfare Audit in 2007 and served as a director under the Division of Public Relations in 2009. He then headed Division 5 of the bureau responsible for audit of social and cultural affairs in 2009 and Division 1 of the bureau in charge of audit of state-run companies and corporations in regional areas in 2010. In 2011, Mr. Kim led Division 1 of the bureau responsible for audit of construction environments, and in 2014 he headed Division 1 of the Bureau of Finance and Economy Audit. He also served as Chairman of the Audit and Inspection Commission of the Seoul Metropolitan Government in 2015. He was then promoted to lead the Bureau of Public Administration and Security Audit in 2017, the Bureau of Industry and Financial Services Audit in 2018, and the Office of Planning and Coordination in 2019. Immediately prior to the appointment at the FSS, he served as Deputy Secretary General for Public Sector Inspection. Mr. Kim received a B.A. in Economics from Seoul National University in 1990, completed a master’s program in public administration in Seoul National University in 1992, and received an M.P.A. from the University of Exeter of the U.K.

Kim Jong Min

Senior Deputy Governor

Banks and Nonbanks

Kim Jong Min is Senior Deputy Governor in charge of bank and nonbank supervision. He was appointed to the post on October 25, 2021, by the Financial Services Commission with the recommendation of the Governor of the Financial Supervisory Service as provided in article 29(3) of the Act on the Establishment of the Financial Services Commission. He serves a three-year term that may be renewed once. Prior to his appointment, he was Deputy Governor in charge of the Planning and Management Division with responsibilities ranging from coordination to public affairs.

Mr. Kim began his career in financial supervision at the Bank of Korea in January 1991. With eight years of working experience at the Bank of Korea, he moved to the Financial Supervisory Service in 1999 when it was established as Korea’s integrated supervisory authority. After becoming a team leader in 2007, Mr. Kim managed various supervision and administration teams including banking supervision, human resource development, planning and coordination, and corporate disclosure. He was promoted to Deputy Director General of the Bank Department 1 that is responsible for bank examination in 2014 and to Director General in charge of insurance compliance examination in 2017. Prior to his Deputy Governor appointment, he was the head of the General Affairs Department and the Planning and Coordination Department from February 2018 to February 2020. Mr. Kim received a B.A. in economics from Seoul National University in 1989 and an M.B.A. from the University of Arizona in 2004.

Kim Dong Hoe

Senior Deputy Governor

Capital Markets and Accounting

Kim Dong Hoe is Senior Deputy Governor responsible for capital markets and accounting supervision. He was appointed to the post on October 25, 2021, by the Financial Services Commission with the recommendation of the Governor of the Financial Supervisory Service as provided in article 29(3) of the Act on the Establishment of the Financial Services Commission. He serves a three-year term that may be renewed once. Prior to the Senior Deputy Governor appointment, he was Deputy Governor in charge of financial investment services supervision.

Mr. Kim started out his career in financial supervision in September 1989 at the Securities Supervisory Board and joined the Financial Supervisory Service in 2002 following the creation of the Financial Supervisory Service as the integrated supervisory authority. He led a number of supervision teams beginning with a securities examination team at the Securities Examination Department 1 in 2007. He then led a capital market support team at the Capital Market Service Department in 2008, a financial investment oversight team at the Financial Investment Supervision Department in 2011, a corporate disclosure system team at the Corporate Disclosure System Office in 2012, and an examination planning team at the Asset Management Examination Department in 2013. He was promoted to Deputy Director General of the Financial Investment Supervision Department in 2014 and Director of the Insurance Investigation Office in 2017. He also served as Director General of the Capital Market Supervision Department in 2018. Mr. Kim received a B.A. in business administration from Korea University in 1988 and an M.A. in financial engineering from Korea Advanced Institute of Science and Technology in 2002.

Kim Eun Kyung

Senior Deputy Governor

Chief of Financial Consumer Protection Bureau

Kim Eun Kyung took office as Senior Deputy Governor in charge of the Financial Consumer Protection Bureau on March 9, 2020. She was appointed to her new role by the Chairman of the Financial Services Commission with the recommendation of the Governor of the Financial Supervisory Service as provided under article 29(3) of the Act on the Establishment of the Financial Services Commission. She serves a three-year term that may be renewed once.

Ms. Kim joined the FSS with 14 years of experience as a professor of law at Hankuk University of Foreign Studies. Throughout her academic career, she frequently served as a member of various government committees such as the Credit Settlement Committee under the Ministry of Land, Infrastructure, and Transport and the Policy Research Committee under the Ministry of Justice. She also actively participated in a number of FSC and FSS committees that dealt with statutory interpretation deliberation, financial dispute resolution, public fund oversight, ombudsman, and sanctions. With her background in law, Ms. Kim was involved in consumer protection issues as well as a member of the Consumer Dispute Settlement Commission of the Korea Consumer Agency and as a board member of Korea Legal Aid Corporation and the Traffic Accident Compensation Supervisory Service. She earned an LL.B. (1990) and an LL.M. (1992) from Hankuk University of Foreign Studies and a Dr. jur. (1999) from the University of Mannheim.

Park Sangwook

Deputy Governor

Preventive Consumer Protection

Park Sangwook is Deputy Governor responsible for Preventive Consumer Protection (formerly Deputy Governor in charge of insurance supervision). He was appointed as Deputy Governor on March 6, 2020, by Governor Yoon Suk Heun pursuant to article 29(3) of the Act on the Establishment of the Financial Services Commission. He serves a three-year term that may be renewed once.

Mr. Park assumed his new role with many years of experience and know-how in insurance supervision and examination. He began his career at the Insurance Supervisory Board in June 1992. He transferred to the Financial Supervisory Service in 2000 following the integration of the supervisory authorities. Early in his career, Mr. Park worked on various supervision specialty areas including investigation and consumer protection in addition to insurance supervision. From 2012 to 2016, he led a life insurance examination team, a corporate disclosure team, and a nonlife insurance examination team as team leader. In December 2016, he was promoted to the position of Deputy Director General of the Insurance Products Review Department. In January 2018, he headed the FSS Gyeongnam Regional Office and a year later the Life Insurance Examination Department. Mr. Park received a B.A. in English linguistics and language technology from Hankuk University of Foreign Studies in 1989 and an M.A. in business administration from University of Florida in 2007.

Lee Jin-seok

Deputy Governor

Strategic Supervision

Lee Jin-seok is Deputy Governor responsible for strategic supervision (formerly Deputy Governor in charge of bank supervision). He was appointed as Deputy Governor on March 6, 2020, by Governor Yoon Suk Heun pursuant to article 29(3) of the Act on the Establishment of the Financial Services Commission. He serves a three-year term that may be renewed once.

Mr. Lee assumes his new post with extensive experience and expertise in financial supervision. He began his career in financial supervision at the Bank of Korea in January 1993. Since moving to the Financial Supervisory Service in 2000 after it was established as Korea’s integrated supervisory authority, Mr. Lee has carried out a wide range of supervision and oversight duties including banking, asset management, and supervision administration. In 2008, he was promoted to the position of team leader at the Financial Hub Korea. After two stints at the Foreign Exchange Supervision Department and the Bank Department 2, Mr. Lee was promoted to Deputy Director General in charge of supervision coordination in 2015. He was then promoted to Director General responsible for financial market analysis in 2016 and bank supervision in 2017. Prior to his Deputy Governor appointment, he was Director General of Internal Inspection Office. Mr. Lee received a B.A. in business administration from Seoul National University in 1991 and an M.B.A. from Purdue University in 2003.

Jang Seok-il

Chief Accountant

Accounting Supervision

Jang Seok-il is the Chief Accountant responsible for accounting supervision. He was appointed to the post on November 24, 2020, by the Governor of the Financial Supervisory Service pursuant to article 29(3) of the Act on the Establishment of the Financial Services Commission. He serves a three-year term, which may be renewed once. As Chief Accountant, Mr. Jang assumes the primary responsibility for wide-ranging accounting and audit oversight, including audit inspection of financial filings by publicly traded companies and quality control for the accounting and auditing practices of CPA firms.

Mr. Jang started out his professional career in financial supervision in January 2000 at the Financial Supervisory Service. After years of experiences in disclosure investigation, audit review, accounting supervision, and insurance examination, he became a team leader under the Corporate Accounting System Office in November 2007 and Deputy Director General of the Audit Inspection Department in March 2015. Mr. Jang then headed the Special Audit Inspection Office in 2017 and the Corporate Accounting Administration Department in 2018. Immediately prior to his appointment, he was the Director General of the Audit Review Department. Mr. Jang earned a B.A. in management from Yonsei University in 1992.

Cho Young Ik

Deputy Governor

Planning and Management

Cho Young Ik is Deputy Governor responsible for planning and management (formerly Deputy Governor in charge of preventive consumer protection). He was appointed as Deputy Governor on March 6, 2020, by Governor Yoon Suk Heun pursuant to article 29(3) of the Act on the Establishment of the Financial Services Commission. He serves a three-year term that may be renewed once.

Mr. Cho began his career in financial supervision in January 1995 at the Insurance Supervisory Board. After the Insurance Supervisory Board was integrated into the Financial Supervisory Service, he performed examination of insurance companies at the Insurance Examination Department from April 2002 to May 2005. After carrying out various administration responsibilities at the General Affairs Department, he moved to the Life Insurance Department in January 2009. In May 2011, he was promoted to team leader and managed several supervision teams including an asset management examination team, an insurance business examination team, a public affairs coordination team, and an insurance supervision coordination team. Mr. Cho was promoted to Deputy Director General of the General Affairs Department in February 2017, Director of the Insurance Business Examination Office in February 2018, and Director General of the Public Affairs Office in May 2018. Prior to his appointment, he was Director General of the Supervision Coordination Department. Mr. Cho earned a B.A. in trade and commerce from Sungkyunkwan University in 1995.

Kim Miyoung

Deputy Governor

Planning and Management

Kim Miyoung is Deputy Governor responsible for planning and management. She was appointed to the post on December 22, 2021, by Governor Jeong Eun Bo pursuant to article 29(3) of the Act on the Establishment of the Financial Services Commission. She serves a three-year term that may be renewed once.

Ms. Kim assumed her new post with extensive experience and expertise in financial supervision. She began her career at the Bank of Korea in January 1985. After moving to the Financial Supervisory Service in 1999 when it was established as Korea’s integrated supervisory authority, Ms. Kim carried out various supervision and oversight duties at the Supervision Department 10 (1999), the General Affairs Department (2003), the Financial Holding Company Service Department (2008), and the Bank Examination Department 1 (2011). She then became the head of the HRD Operating Team at the Human Resources Development Office in 2012. She also led the Special Corporate Disclosure Team at the Corporate Disclosure Department in 2013, the Comprehensive Examination Team 1 at the Comprehensive Examination Department in 2014, the Examination Team 6 at the Bank Examination Department 1 in 2015, the Bank Team 2 at the Bank Department 1 in 2016, and the Commercial Bank Compliance Examination Team 2 at the Bank Compliance Examination Department in 2017. She was promoted to Director of the Anti-Money Laundering Office in 2018 and then Director General of the Credit Finance Examination Department in 2020. Immediately prior to her appointment, Ms. Kim was Director General of the Illegal Finance Monitoring Department. Ms. Kim received a B.A. in English language and literature from Dongguk University in 1990.

Lee Hee-jun

Deputy Governor

Nonbank Supervision

Lee Hee-jun is Deputy Governor in charge of nonbank supervision. He was appointed to the post on December 22, 2021, by Governor Jeong Eun Bo pursuant to article 29(3) of the Act on the Establishment of the Financial Services Commission. He serves a three-year term that may be renewed once.

Mr. Lee assumed his new post with extensive experience and expertise in nonbank supervsion. He began his career in financial supervision at the Korea Credit Guarantee Fund in January 1995 and then moved to the Financial Supervisory Service in January 1999. After performing a wide array of financial supervision and examination activities in the Supervision Department 10, the Bank Examination Department 1, the General Affairs Department, and the Mutual Savings Bank Department, Mr. Lee was promoted to the head of the Non-life Insurance Investigation Team of the Insurance Investigation Office in December 2011. He also worked as a team leader at the Financial Management Analysis Office, the Mutual Savings Bank Examination Department, and the Mutual Savings Bank Department. He was then promoted to Deputy Director General of the Mutual Savings Bank Department in 2018 and then to Director of the Cooperative Finance Supervision Office. Prior to his appointment, Mr. Lee was Director General of the Mutual Savings Bank Examination Department. Mr. Lee received a B.A. in economics from Kyung Hee University in 1991 and an M.B.A. from Yonsei University in 2005.

Hahm Yongil

Deputy Governor

Disclosure and Investigation

Hahm Yongil is Deputy Governor responsible for disclosure and investigation. He was appointed to the post on December 22, 2021, by Governor Jeong Eun Bo pursuant to article 29(3) of the Act on the Establishment of the Financial Services Commission. He serves a three-year term that may be renewed once.

Mr. Hahm started out his career in financial supervision in January 1992 at the Securities Supervisory Board and joined the Financial Supervisory Service in 1999 following the creation of the Financial Supervisory Service as the integrated supervisory authority. He led a number of supervision and examination teams beginning with an asset management team at the Asset Management Service Department in 2010. He then led the Asset Management Coordination Team under the Asset Management Supervision Department in 2012, and the Monitoring Team and the Examination Planning Team under the Financial Investment Examination Department in 2014 and 2015, respectively. He was promoted to Deputy Director General of the Capital Market Supervision in 2017, the head of the Pension Finance Office in 2018, and Director General of the Financial Investment Examination Department in 2020. Prior to his appointment, Mr. Hahm was Director General of the Supervision Coordination Department. Mr. Hahm received a B.A. in accounting from the University of Seoul in 1992 and an M.B.A. from the Korea Advanced Institute of Science and Technology in 2009. He also received a Ph.D. in business administration from Hansung University in 2017.

Kim Youngju

Deputy Governor

Consumer Rights Protection

Kim Youngju is Deputy Governor responsible for consumer rights protection. He was appointed to the post on December 22, 2021, by Governor Jeong Eun Bo pursuant to article 29(3) of the Act on the Establishment of the Financial Services Commission. He serves a three-year term that may be renewed once.

Mr. Kim began his career in financial supervision at the Bank of Korea in January 1992. With seven years of working experience at the Bank of Korea, he moved to the Financial Supervisory Service in 1999 when it was established as Korea’s integrated supervisory authority. After becoming a team head in 2007, Mr. Kim managed various supervision and examination teams; including credit analysis under the Credit Supervision Department; monitoring and examination under the Bank Examination Department; prudential supervision under the Mutual Savings Bank Supervision Department; and financial market analysis under the Macroprudential Supervision Department. He was promoted to Deputy Director General of the Planning and Coordination Department in 2015 and to Director General of the Credit Supervision Department and the Mutual Savings Bank Supervision Department in 2017 and 2019, respectively. Prior to his appointment, Mr. Kim was the head of the Bank Examination Department 1. Mr. Kim received a B.A. in economics from Seoul National University in 1992 and an M.B.A. from Purdue University in 2004.