FSS chief stresses consumer-oriented supervision | Yonhap News Agency

## Summary
OK SEOUL, March 25 (Yonhap) -- The head of the country's financial watchdog vowed Wednesday to put his agency's priority on better protecting financial consumers in the face of the recent economic and financial turmoil caused by geopolitical tensions in the Middle East. And earning trust starts with the protection of financial consumers," he said. "That is why the FSS set consumer protection as our core value for this year as we carry out financial supervision and examinations," he added. The FSS chief also said the agency will make efforts to attract more foreign capital, while diversifying financial products to meet different needs of domestic investors. sam@yna.co.kr (END) Related Articles FSS warns investors' against rushing to high-risk products amid market volatility FSS chief discusses regulations on banks' capital base, virtual assets at Basel meeting IPO proceeds in S. Korea rise 15 pct on-year in 2025: data Keywords #watchdog chief #consumer protection Articles with issue keywords Most Liked Netflix, BTS to turn Seoul into world's 'biggest watch party' 'BTS: The Return' captures brotherhood under 'heavy crown': director Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms (3rd LD) About 40,000 fans gather for BTS comeback concert in downtown Seoul Korean Pavilion at Venice Biennale seeks comfort through art, with Han Kang's sculpture of blackened trees Most Saved Netflix, BTS to turn Seoul into world's 'biggest watch party' Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms 'BTS: The Return' captures brotherhood under 'heavy crown': director Korean Pavilion at Venice Biennale seeks comfort through art, with Han Kang's sculpture of blackened trees Downtown Seoul to enter security lockdown for massive crowd at BTS concert prev FSS chief stresses consumer-oriented supervision Next FSS chief stresses consumer-oriented supervision

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SEOUL, March 25 (Yonhap) -- The head of the country's financial watchdog vowed Wednesday to put his agency's priority on better protecting financial consumers in the face of the recent economic and financial turmoil caused by geopolitical tensions in the Middle East.
In his opening remarks for the FSS SPEAKS 2026, an annual forum aimed at enhancing communication with foreign financial firms, Lee Chan-jin, governor of the Financial Supervisory Service (FSS), also stressed the need to further develop and promote the local financial market, making it work in tune with the global standards.
This undated file photo shows Lee Chan-jin, governor of the Financial Supervisory Service. (Yonhap)
"To ensure finance plays its role without fail even under these circumstances, we need to focus on winning trust, on which finance is built. And earning trust starts with the protection of financial consumers," he said.
"That is why the FSS set consumer protection as our core value for this year as we carry out financial supervision and examinations," he added.
The forum was attended by some 230 officials and executives from foreign embassies and financial firms, including the ambassadors from China and India.
Lee said in order to maintain financial stability, his agency plans to respond to potential risks preemptively through constant monitoring and revamp its regulatory frame to better counter key risks of each sector.
The FSS chief also said the agency will make efforts to attract more foreign capital, while diversifying financial products to meet different needs of domestic investors.
sam@yna.co.kr
(END)
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## Expert Analysis

### Merits
N/A

### Areas for Consideration
- The FSS chief also said the agency will make efforts to attract more foreign capital, while diversifying financial products to meet different needs of domestic investors. sam@yna.co.kr (END) Related Articles FSS warns investors' against rushing to high-risk products amid market volatility FSS chief discusses regulations on banks' capital base, virtual assets at Basel meeting IPO proceeds in S.
- Korea rise 15 pct on-year in 2025: data Keywords #watchdog chief #consumer protection Articles with issue keywords Most Liked Netflix, BTS to turn Seoul into world's 'biggest watch party' 'BTS: The Return' captures brotherhood under 'heavy crown': director Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms (3rd LD) About 40,000 fans gather for BTS comeback concert in downtown Seoul Korean Pavilion at Venice Biennale seeks comfort through art, with Han Kang's sculpture of blackened trees Most Saved Netflix, BTS to turn Seoul into world's 'biggest watch party' Four decades of Damien Hirst on display at MMCA, from shark to cherry blossoms 'BTS: The Return' captures brotherhood under 'heavy crown': director Korean Pavilion at Venice Biennale seeks comfort through art, with Han Kang's sculpture of blackened trees Downtown Seoul to enter security lockdown for massive crowd at BTS concert prev FSS chief stresses consumer-oriented supervision Next FSS chief stresses consumer-oriented supervision

### Implications
- The FSS chief also said the agency will make efforts to attract more foreign capital, while diversifying financial products to meet different needs of domestic investors. sam@yna.co.kr (END) Related Articles FSS warns investors' against rushing to high-risk products amid market volatility FSS chief discusses regulations on banks' capital base, virtual assets at Basel meeting IPO proceeds in S.

### Expert Commentary
This article covers financial, fss, bts topics. Areas of concern are also raised. Readability: Flesch-Kincaid grade 0.0. Word count: 454.