Overview

• President Lee Jae Myung formally nominated Lee Eog-weon on August 13 to lead the Financial Services Commission, marking a key transition at South Korea’s top financial regulator.
• Upon arriving at his confirmation-hearing preparation office, Lee presented a policy blueprint emphasizing productive finance as a tool to drive real economic growth.
• He pledged to strengthen inclusive finance and revitalize capital markets so that households and businesses can directly feel the impact of new reforms.
• Lee identified household-debt management and enhanced financial consumer protection as immediate priorities for the FSC’s upcoming term.
• Drawing on technocratic credentials—from a PhD in economics at the University of Missouri to leadership roles at the Finance Ministry, IIC and WTO TBT Committee—Lee committed to close coordination with the Financial Supervisory Service to implement his agenda.