Democratic Party: "Will not reorganize the Financial Services Commission → Financial Supervisory Commission and will revert to the original position"
Korea Economic Daily
Summary
- The Democratic Party said it decided to revert the plan to reorganize the Financial Services Commission into the Financial Supervisory Commission in the Lee Jae-myung government's reorganization plan.
- It said it also decided to revert the plan to transfer domestic finance-related matters among the Financial Services Commission's functions to the Ministry of Finance and Economy.
- It said this decision requires related investors to exercise caution due to changes in the financial policy structure.
Han Jeong-ae, chair of the Policy Committee of the Democratic Party, announced on the 25th regarding the Lee Jae-myung government's reorganization plan that "the content to reorganize the Financial Services Commission into the Financial Supervisory Commission, and the plan to transfer domestic finance-related functions that the Financial Services Commission currently has to the Ministry of Finance and Economy, will be returned to their original positions."
Reporter Choi Hyung-chang calling@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
![[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership](https://media.bloomingbit.io/PROD/news/a954cd68-58b5-4033-9c8b-39f2c3803242.webp?w=250)
![Trump ally Myron, a Fed governor, resigns White House post…pushing for rate cuts until Warsh arrives? [Fed Watch]](https://media.bloomingbit.io/PROD/news/75fa6df8-a2d5-495e-aa9d-0a367358164c.webp?w=250)
