Overview

• Lee Chan-jin officially took office on August 14 as governor of the Financial Supervisory Service, filling a vacancy since June after his predecessor’s term ended.
• In his inaugural address, he pledged to introduce a co-prosperity index and establish a venture capital fund to expand funding for small and venture businesses.
• He backed the revised Commercial Act’s tougher fiduciary duties to strengthen protections for minority shareholders in corporate governance.
• Lee committed to encouraging the financial sector’s use of artificial intelligence and to fostering a robust digital asset ecosystem.
• He announced a zero-tolerance policy toward market misconduct, including stock price manipulation and abuse of dominant market positions.