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Choi Jongku, Chairman

  • Mr. Choi Jongku took office as Chairman of the Financial Services Commission on July 19, 2017. Prior to assuming the chairmanship, Mr. Choi served as Chairman and President of the Export-Import Bank of Korea.

    Since starting his public service career in 1992, Chairman Choi held numerous key posts including Deputy Minister for International Affairs at the Ministry of Strategy and Finance (MOSF) and First Deputy Governor of the Financial Supervisory Service, Mr. Choi also served as CEO and President of the Seoul Guarantee Insurance.

    Chairman Choi's crisis management ability is well proven that he, as Director General for MOSF International Financial Bureau, greatly contributed to stabilizing Korea's financial and FX markets during and in the aftermath of the 2008 financial crisis. Moreover, when he was Deputy Minister for International Affairs at the MOSF in 2911 Mr. Choi successfully managed to safeguard Korea's financial markets against the turbulence following the eurozone fiscal crisis.

    Mr. Choi also has profound international cooperation experiences, working closely with the partner countries notably the G20 and the ASEAN+3.

    Born in 1957, Mr. Choi obtained a Bachelor's degree in International Trade from Korea University in 1980, and a Master's degree in Public Administration and Policy from the University of Wisconsin-Madison in 1992.
  • Chairman's Message

  • Welcome! Thank you for visiting our website.
    Korea’s financial industry has grown with the development of our economy. In the process, the Financial Services Commission fulfills its mission to maintain financial market stability, respect the role of financial markets, ensure fair market order, and thereby contribute to the economic growth.

    The Moon Jae-in administration embarked on the new journey for a better country with the pledge of “equal opportunity, fair process, and just outcome.” I believe this is the right direction the new government’s financial policy must pursue. “Equality” in finance will be translated into better financial services and greater financial inclusion that benefit as many consumers as possible. “Fairness” in finance starts with respecting market principles and establishing fair order. A “just outcome” in finance is achieved only when all players in financial markets do their best in their role to ensure trust in the financial sector.

    The FSC set out three principles for financial policy under the Moon administration.
    First, finance for “productive” investment will be pursued。 The FSC will channel funds to innovative businesses to boost growth potential and create jobs. The financial sector will also become a job creator with new and innovative financial services.

    Second, trust in finance will be strengthened. The FSC will ensure greater autonomy for financial institutions and stronger protection for financial consumers. Financial stability is a prerequisite for sustainable growth of the financial sector. To this end, the FSC will remain vigilant at all times to detect and respond timely to risk factors.

    Last but not least, financial inclusion will be expanded. Finance shall take greater social responsibility corresponding to its growth. The FSC will make sure benefits of our financial policy trickle down to financially-marginalized households.

    The FSC will always listen carefully to the voices of financial institutions and consumers to reflect them into our financial policy.

    Choi Jongku
    Chairman, Financial Services Commission