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Deputy Director of the Financial Supervisory Service issued a letter of resignation to move to a domestic cryptocurrency exchange.
According to the regulations, the staff of the FSS may be restricted depending on their work relevance, but reporter Jeong Seong-jin covered the details.
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Financial Supervisory Service executive, who announced his intention to resign to the cryptocurrency exchange Upbit, is the deputy director Lee Mo, who has been in charge of fintech advisory until recently.
Deputy Director Lee asked for a review by the Government Officials Ethics Committee to see if there were any problems with reemployment.
Deputy Director, FSS Level 2, may be restricted from changing jobs for the previous 5 years depending on the relationship with the job.
Deputy Director Lee has not been appointed for the past five years, and there are observations that the changeover will be approved as the financial authorities do not manage and supervise the cryptocurrency market.
However, there are large opinions that it is not appropriate.
This is because the FSS is participating in the pan-governmental council supervised by the State Affairs Coordination Office, and the National Assembly also proposed a bill to give the FSS supervising the virtual asset exchange, which could lead to conflict of interest.
[Kim Deuk-eui/CEO of Financial Justice Solidarity: It seems inappropriate as an employee who has supervised management (work) to leave a job without a review (to a virtual currency exchange), which may cause a conflict of interest, even though there are no guidelines. .]
Earlier last month, an active prosecutor in the Ministry of Justice's office tried to move to Dunamu, which runs Upbit, and the controversy broke out as a result.
The continued love call of cryptocurrency exchanges to financial and legal personnel is analyzed as a measure to prepare for the movement to strengthen domestic regulations as the related market size increases.
(Video editing: Hwang Ji-young)