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85% of FSS Staff Consider Quitting if Watchdog Moves Out of Seoul

Summary by The Korea Times
The prospect of relocating the Financial Supervisory Service (FSS) outside Seoul is raising fears that it could accelerate an exodus of staff that is already well underway, according to industry officials Sunday. The FSS is among the financial institutions being considered for relocation to Sejong, Korea’s administrative capital, as part of President Lee Jae Myung’s broader push to move government agencies out of the Seoul area and ease the coun…

4 Articles

Lean Right

It has been revealed that over 480 employees have resigned from the Financial Supervisory Service (FSS) over the past five years. With the FSS being considered as a target for the government's second round of relocation of public institutions to regional areas, concerns are rising that the exodus of young employees may increase further. According to data submitted by the FSS to the office of Rep. Park Sung-hoon of the People Power Party, a membe…

(Seoul = Yonhap News) Reporter Bae Young-kyung = It has been revealed that more than 100 employees retire annually at the Financial Supervisory Service, which is being considered as a target for the government's second round of relocation of public institutions to regional areas...

·Seoul, Korea (the Republic of)
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Half of This Year's Retirees Are in Their 20s to 40s... 92.5% Under 40 "Considering Changing Jobs" 481 Retired Over the Past 5 Years... 346 Senior Officials (Grades 1-3) Also Leave Following Moves to Law Firms Like Kim & Chang... Continued Outflow of Supervisory Personnel to the Private Sector [Digital Daily Reporter Lee Ho-yeon] As the Financial Supervisory Service (FSS) is being mentioned as a target for the government's second round of rel…

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연합뉴스-Yonhap News Agency broke the news in Seoul, Korea (the Republic of) on Saturday, August 22, 2026.
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