The Financial Services Commission (FSC) has awarded 10 million won to Deputy Director Lee Yong-jun for developing measures to improve the capital market structure, including banning dual listings.
According to financial industry sources on Wednesday, FSC Chairman Lee Eok-won held the first "FSC Person Award" ceremony on Monday, presenting a total of 18 million won to three public servants. The FSC Person Award was launched this year to promote a performance-oriented organizational culture in line with the Lee Jae-myung administration's governing philosophy of "fair personnel management and clear rewards and punishments." Deputy Director Lee was recognized for overseeing the capital market reform measures announced last month and for contributing to enhanced trust in Korea's capital market through stronger shareholder protection.
Deputy Director Lee Sang-won, who designed the "New Leap Fund" bad bank program, received 5 million won in prize money. He was recognized for providing 1.13 million long-term delinquent borrowers with opportunities for a fresh start and for coordinating participation across a broad range of financial sectors including banks, insurance companies, credit card firms, and savings banks. Officer Jeong In-geon received 3 million won. He contributed to uncovering sophisticated capital market crimes by utilizing advanced forensic techniques as a member of the Joint Response Team for Eradicating Stock Manipulation, which was launched in July last year.
"We will continue to generate achievements in the financial sector through exceptional rewards for outstanding performance," Chairman Lee said.
