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[Alpha Biz=(Chicago) Reporter Paul Lee] Retired personnel from financial authorities have been transferred to insurance companies. Following the move of the head of the Financial Services Commission, the head of the Financial Supervisory Service is said to be moving to an insurance company.

According to the insurance industry on the 19th, the head of the Financial Supervisory Service, A, tendered his resignation on the 17th. Mr. A was an insurance company and was selected as a representative insurance expert within the FSS. Most of his career, including the Insurance Research Bureau and the Insurance Inspection Bureau, has been built in the insurance part of the FSS.

Currently, A is said to be moving to Lotte Insurance as an executive. A will be in charge of Lotte Insurance's Chief Customer Officer (CCO) after the Ministry of Personnel Management's job screening for retired public officials is completed.

"A delivered his resignation to the FSS this Monday," an official from the financial sector said. "I understand that he is waiting for the results of the job screening of retired public officials to move to Lotte Insurance."

Mr. A is not the only one who leaves the Financial Supervisory Service for a private company. According to data released last month by Choi Seung-jae, a member of the National Assembly's National Policy Committee, 125 employees left the FSS and moved to private companies and public institutions.

Meanwhile, a Lotte Insurance official said, "We are aware of the content, but we cannot confirm whether it is true."

 

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