85% of staff consider quitting if FSS moves out of Seoul
The prospect of relocating the Financial Supervisory Service (FSS) outside Seoul is raising fears that it could accelerate an exodus of staff that is already well underway, according to industry officials Sunday. The FSS is among the financial institutions being considered for relocation to Sejong, Korea’s administrative capital, as part of President Lee Jae Myung’s broader push to move…
A significant percentage of Financial Supervisory Service (FSS) staff are contemplating resigning if the agency were to relocate outside of Seoul, according to industry officials. The FSS is among several financial institutions being eyed for a move to Sejong, the administrative capital, as part of President Lee Jae Myung's efforts to relocate government agencies from Seoul to alleviate the city's heavy concentration of resources.
The Cabinet is set to commence discussions on this relocation initiative as early as next week. According to FSS data, 481 employees departed from the agency between 2022 and July 2026, with over 100 leaving each year. So far this year, 54 staff members have already bid farewell. A notable trend is the increasing share of younger workers in the departures, with employees aged 20s, 30s, and 40s accounting for 180, or 37.4 percent, of the total.
They constituted half of those who left this year alone. As the ongoing staff exodus continues, the prospect of relocation has intensified concerns that the FSS could lose even more seasoned professionals.
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- 85% of staff consider quitting if FSS moves out of Seoul koreatimes.co.kr
