(Photo= Yonhap news)

[Alpha Biz= Reporter Kim Sangjin] Lee Bok-hyun, the head of the Financial Supervisory Service, will hold an official meeting with bank executives on the 18th. They will discuss key issues including restructuring of Real Estate Project Financing (PF) and strengthening internal controls.

According to the financial sector on the 14th, Director Lee is scheduled to meet with the heads of 17 banks at the Bank Federation Building in Myeongdong, Seoul. During this meeting, he plans to urge cooperation from the banking sector to ensure smooth implementation of measures such as the reassessment of PF business sites and new fund injections following the government's recent announcement on real estate PF landing measures.

It is also anticipated that Director Lee will emphasize the need for internal control enhancements, especially as major financial companies, including banks, are required to outline individual executive duties and responsibilities through a "duty structure diagram" starting from July. Discussions are expected to include measures to prevent recurrence and autonomous compensation related to Hong Kong H-Index Linked Securities (ELS).

 

 

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