Input 2021.02.18 15:18
According to the financial investment industry on the 18th, Securities Finance is holding a public offering for the next president-elect candidate from the 10th to the 26th. The Securities Finance President Recommendation Committee plans to announce the final candidates only for applicants through document review and interview in turn. The final candidate is expected to be decided before March 11, when Chung’s three-year term expires.
As candidates for the next president of Securities Finance, top-ranking officials from the Financial Services Commission are on the rise. From 2009 to the present, the position of President of Securities Finance has always been dominated by the First Class of the Financial Services Commission. Kim Young-wa, former director of the Institute for Information Analysis (FIU) (act 22 times), Park Jae-sik, former FIU president (act 26 times), Jeong Ji-won, former financial committee executive committee member (act 27 times), and Jeong Wan-kyu, former FIU president (act 34 times). did. The only president from the private sector was Hong Seok-ju, former President of the Bank of Choheung, who took office in 2004.
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As the candidates for the next president, Standing Committee member Choi and FIU President Yoon are considered promising candidates. Standing committee member Lee was promoted on the 22nd of last month, and his retirement is less likely as he entered the office a year later than other officials. Secretary General Kim also said that he would not apply for the position of president, as the possibility of a promotion within the Financial Services Commission is predicted in the future.
It is expected that among the first-level officials, there will be a’noticing fight’ over the application for the position of president of securities finance. Until now, the position of CEO of Securities Finance has been regarded as a preferred place for bureaucrats to retire. Securities finance is not designated as a public institution, so it can receive a high annual salary. According to the Financial Supervisory Service’s Electronic Disclosure System (DART), as of 2019, the average remuneration for registered directors who correspond to the positions of president and vice president was 283 million won. It is known to the public that the presidential position receives more than 300 million won.
However, there is also a controversy over’parachuting’ over the position of president of securities finance. It is pointed out that although it goes through the formal public offering procedure for the presidential position, in fact, it is the first class of the Financial Services Commission. Prior to being selected as the final candidate, former President Ji-won Jung was overwhelmed by internal rulings when he retired from the standing committee of the Financial Services Commission.
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