FSC Commissioners

The FSC consists of nine commissioners including the Chairman and the Vice Chairman. The Chairman is appointed b the President with the recommendation of the Prime Minister. The Vice Chairman is appointed by the President with the recommendation of the Chairman of the FSC and concurrently holds chairmanship of the Securities and Futures Commission (SFC) within the FSC.

Two standing commissioners are appointed with the recommendation of the Chairman of the FSC. Of the five non-standing commissioners, four are ex-officio positions held by the Vice Minister of the Ministry of Strategy and Finance (MOSF), the Governor of the Financial Supervisory Service (FSS), the Deputy Governor of the Bank of Korea, and the President of the Korea Deposit Insurance Corporation. The remaining non-standing commissioner is appointed with the recommendation of the Chairman of the Korea Chamber of Commerce and Industry.

The FSC deliberates and decides on policy matters relating to the inspection and supervision of financial institutions and the securities and futures markets. Matters relating to the securities and futures markets are largely delegated to the SFC. The FSC also has the authority to issue and revoke of financial institutions. Legislation relating to the financial sectors is drafted and submitted to the National Assembly by the FSC.

  • Choi, JongKu


    Mr. Choi JongKu took office as Chairman of the Financial Services Commission(FSC) in July, 2017. Commencing his public service career in 1982, Mr. Choi accumulated decades of extensive experiences by holding various positions including Deputy Minister for International Affairs at the Ministry of Strategy and Finance(MOSF) and First Senior Deputy Governor of the Financial Supervisory Service(FSS). Also, Mr. Choi served as President & CEO of the Seoul Guarantee Insurance(SGI) from January 2016 to February 2017. Prior to his appointment as FSC Chairman, he was Chairman & President of the Export-Import Bank of Korea(KEXIM) from March 2017 to July 2017.


    During and aftermath of the 2008 financial crisis, as Director General for International Finance Bureau, Mr. Choi contributed to stabilizing financial and FX markets in Korea. While he was Deputy Minister for International Affairs at the MOSF from 2011 through 2012 when the global economy was facing the eurozone fiscal crisis, he committed himself to keeping the turbulence at bay to maintain the Korean market stable. He also played a role in effectively coordinating international cooperation amid the crisis, working closely with the partner countries notably the Group of Twenty(G20) and the ASEAN Plus Three(ASEAN+3), a cooperative platform designed for ensuring financial stability and economic integration in the region.


    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 University of Wisconsin-Madison in 1992.

  • Kim Yongbeom

    Vice Chairman

    Kim Yongbeom took office as Vice Chairman of the Financial Services Commission (FSC) on July 20, 2017. Dr. Kim concurrently holds chairmanship of the Securities and Futures Commission (SFC) within the FSC. Prior to his appointment as Vice Chairman, he served as Secretary General of the FSC and Standing Commissioner of the SFC.


    In his career as a government official since 1986, Dr. Kim has been through key government posts for economic and financial affairs including Director of Banking System Division in the Ministry of Finance and Economy, Deputy Secretary for Economic Policies in the Office of the President of Korea, Director General and Head of Post Insurance Unit of the Korea Post, Director General of Financial Policy Bureau and Capital Markets Bureau of the Financial Services Commission. In 2000, he left the government for four and a half years to work as a senior economist at the World Bank, where he specialized in the Chinese economy. In 2010, He served as Director General of Global Financial Architecture Bureau in the Presidential Committee for the G20 Seoul Summit.


    As an economic expert, Dr. Kim is known for his strong knowledge of international affairs and deep insights into financial markets. He graduated from Seoul National University, magna cum laude, with a bachelor’s degree in economics and received his doctorate in economics from George Washington University on a Fulbright Scholarship.

  • Lee Sungho

    Deputy Chairman for International Cooperation




    MBA, University of Southern California

    LL.M., George Washington University

    Bachelor's degree in Law, Seoul National University




    2017Deputy Chairman for International Cooperation, Financial Services Commission (FSC)

    2015Lawyer, Soho Law Firm

    2011Lawyer, Harmony Law Firm

    1996Arbitrator, Korean Commercial Arbitration Board

    1987Lawyer, BKL IP Group

  • Kim Tae-hyun

    Standing Commissioner




    1992MBA, Seoul National University(SNU)

    1989Bachelor's degree in Business Administration, SNU




    2019Standing Commissioner, Financial Services Commission (FSC)

    2017Director General, Financial Policy Bureau, FSC

    2017Director General, Banking & Insurance Bureau, FSC

    2016Director General, Capital Markets Bureau, FSC

    2013Senior executive official, Office of Presidential Secretary for Economy

    2008Director, Asset Management Division, FSC

    2008Director, Insurance Division, FSC

    2008Director, Financial Policy Division, FSC

  • Shim Young

    Non-Standing Commissioner



    1999LL.D., Law School, Queen Marry and Westfield College of London

    1992LL.M., Law School, Indiana University

    1989LL.M., Yonsei University

    1987LL.B., Yonsei University




    CurrentProfessor in law, Yonsei University

    CurrentCommissioner, Committee on Statutory Interpretation, FSC

    CurrentChairman, Financial Industry Development Committee, FSC

    2013Chairman, Accounting Advisory Council, Ministry of Justice

    2007Professor in law, Chung Ang University

    2004Professor in law, Yeungnam University