Politics · South Korea · 16 hrs ago

South Korea financial watchdog weighs staffing for expanded investigations

South Korea financial watchdog weighs staffing for expanded investigations

South Korea’s Financial Supervisory Service is planning to investigate more financial crimes, including illegal private lending.

It already has special investigators who handle unfair trading in capital markets.

The agency has asked for more staff as it prepares to launch a team focused on crimes affecting ordinary people.

It also needs workers for accounting reviews and information technology security.

The planned increase in capital-market investigators may be smaller than first proposed as these needs compete for staff.

The Financial Services Commission is reviewing the watchdog’s budget and staffing.

How investigators are allocated will shape the expansion of its work.

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