Financial Services Commission (South Korea)
||This article may be expanded with text translated from the corresponding article in the Korean Wikipedia. (March 2013)|
|Formed||March 3, 2008
(Financial Supervisory Commission in April 1998)
|Preceding Agency||Financial Supervisory Commission|
|Jurisdiction||South Korean government|
|Headquarters||Seoul, S. Korea|
|Agency executives||Dong-Soo Chin, Chairman
Chang-Yong Rhee, Vice Chairman
|Parent agency||Prime Minister|
|Child agency||Financial Supervisory Service|
|Financial Services Commission|
|Revised Romanization||Geumnyung Wiwonhoe|
The Financial Services Commission (FSC), formerly Financial Supervisory Commission, is South Korean government's top financial regulator. It makes financial policies, and directs the Financial Supervisory Service.
The Financial Supervisory Commission was established in 1998. With the start of Lee Myung-bak administration, the Commission was rearranged into the Financial Services Commission; the new one took over the policy-making authority from the Finance Ministry.