CHAPTER I GENERAL PROVISIONS
Article 1(Purpose) #
The purpose of this Decree is to prescribe matters necessary for the organization and prescribed number of personnel of the Financial Services Commission and its affiliated agencies pursuant to Article 15(1) of the Act on the Establishment of Financial Services Commission.
Article 2(Affiliated agencies) #
The Korea Financial Intelligence Unit shall be established under the jurisdiction of the Financial Services Commission pursuant to Article 3 of the Act on Reporting and Using Specified Financial Transaction Information.
CHAPTER II FINANCIAL SERVICES COMMISSION
Article 3(Duties) #
The Financial Services Commission (hereinafter referred to as the "Commission") shall take charge of affairs concerning the advancement of the financial industry and the stabilization of the financial market, and the establishment of sound order in credit transactions and fair financial transaction practices, etc.
Article 4(Composition of Commission) #
(1) The Commission shall be comprised of 9 members, including 1 Chairman and 1 Vice Chairman.
(2) The Chairman and Vice Chairman shall be appointed from among State public officials in political service, and 2 standing members shall be appointed from among public officials in a fixed term position belonging to the Senior Executive Service. <Amended on Mar. 26, 2019>
Article 5(Composition of Securities and Futures Commission) #
(1) The Financial Services Commission shall be established under Article 19 of the Act on the Establishment of Financial Services Commission.
(2) The Securities and Futures Commission shall be composed of 5 members, including 1 Chairman.
(3) The Vice Chairman of the Securities and Futures Commission shall concurrently holds the chairmanship of the Securities and Futures Commission, and 1 standing commissioner shall be appointed from among public officials in a fixed term position belonging to the Senior Civil Service. <Amended on Mar. 26, 2019>
Article 6(Secretariat) #
(1) To handle general affairs, the Commission has a secretariat.
(2) The Secretariat shall have 1 Secretary General, who shall be a public official in general service of the Senior Executive Service.
(3) The Secretary General shall, by the order of the Chairman, handle the affairs of the Secretariat, and direct and supervise the public officials under his or her control.
Article 7(Subordinate organization) #
(1) The Secretariat shall have General Administration Division, the Financial Consumer Bureau, the Financial Policy Bureau, the Financial Industry Bureau, and the Capital Markets Bureau. <Amended on May 6, 2009; Sep. 17, 2013; Jul. 24, 2018; Dec. 27, 2022>
(2) The Chairman shall have 1 spokesperson under his or her control, and the Secretary General shall have 1 Planning and Finance office under his or her control. <Amended on May 6, 2009>
Article 8(Spokesperson) #
(1) The Spokesperson shall be a public official in general service of the Senior Executive Service. <Amended on Oct. 8, 2008>
(2) The Spokesperson shall assist the Chairman in the following matters: <Amended on Jul. 9, 2010; Oct. 10, 2011>
1. Formulation, coordination, and consultation of plans for the promotion of major policies;
2. Management of various kinds of information and circumstances related to the promotion of the Commission's policies;
3. Management of announcement of external policies on the Commission's affairs;
4. Matters concerning assistance in media coverage and briefings;
5. Oversight, review, and evaluation of social media policy communications, including the designation and operation of an online spokesperson.
Article 9 #
Deleted. <May 6, 2009>
Article 10(Planning and coordination bureau) #
(1) The planning and coordination bureau shall be a public official in general service of the Senior Executive Service.
(2) The planning and coordination bureau shall assist the Secretary General in the following matters: <Amended on Jul. 9, 2010; Dec. 30, 2011; Mar. 23, 2013; Sep. 17, 2013; Jul. 26, 2017; Apr. 30, 2019>
1. Coordination of policy agenda and work plans;
2. Overall control of major affairs related to the compilation and implementation of the budget of the Commission and approval of budget and settlement of accounts by the Financial Supervisory Service;
3. Handling of legislative and parliamentary liaison affairs;
3-2. Identifying and selecting tasks related to government innovation within the Commission, and checking, inspecting, and managing the status of implementation of such tasks;
4. Oversight of financial regulatory reform and amendment;
5. Overall control of the implementation of legislation, such as the formulation of legislative plans and review of legislative bills;
6. Overall control of affairs of administrative appeals and administrative litigation;
7. Matters concerning the operation of the Commission and the Securities and Futures Commission, and legal review of agenda items, etc.;
8. Overall control of informatization affairs within the committee, such as the protection and management of its own information system;
9. Overall control of civil petitions (including citizens' proposals) and improvement of systems related to civil petitions;
10. Investigation and handling of complaints and misconduct;
11. The audit of the Commission, the institutions under its control, its affiliated institutions, and organizations, and overall control and coordination of security and protection affairs;
12. Public service ethics, such as property registration and employment restrictions;
13. Affairs related to emergency preparedness and management of the workplace reserve forces and the workplace civil defense unit;
14. Establishment and operation of a linkage system with institutions managing safety control, disaster situations, and crisis situations;
15. Matters concerning guidance and supervision by the Financial Supervisory Service with respect to the affairs of the Financial Supervisory Service related to the affairs referred to in subparagraphs 1 through 14.
Article 11(General Administration Division) #
(1) The Director of the General Administration Division shall be appointed from among Grade III or IV public officials. <Amended on May 6, 2009>
(2) The Director of the General Administration Division shall take charge of the following affairs. <Amended on Jul. 9, 2010; Jan. 5, 2021>
1. Management of security and official seals and official seal ledgers;
2. Appointment, service, pension, benefits, education and training, and other personnel affairs of public officials under his or her control;
3. Management of organization and prescribed number of personnel through diagnosis and evaluation of the organization;
4. Ascertaining progress of major projects and evaluation of results of implementation;
5. Management of administrative data and operation of archives, such as classification, receipt, dispatch, preservation, and transfer of archives;
6. Operation of in-house proposal system and the formulation and execution of and improvement plans for administrative system;
7. Deleted; <Apr. 30, 2019>
8. Operation, accounting, and settlement of funds;
9. Management of state property and commodities, and contracts for commodities, services, construction works, etc.;
10. Overall control of and support for the affairs of administrative innovation within the Commission, such as improvement of business processing procedures and innovation of organizational culture;
11. Other matters not under the supervision of other Bureaus within the Commission.
Article 11-2 #
Deleted. <Dec. 27, 2022>
Article 11-3(Financial Consumer Bureau) #
(1) The Financial Consumer Bureau shall have 1 Director General. <Amended on Dec. 27, 2022>
(2) The Director General shall be a public official in general service of the Senior Executive Service. <Amended on Jul. 28, 2020; Dec. 27, 2022>
(3) The Director General shall take charge of the following affairs: <Amended on Sep. 7, 2021; Dec. 27, 2022>
1. Planning and overall control of financial consumer policies and financial consumer protection systems;
2. Provision of information on financial consumers and relief of inconvenience and prevention of damage;
3. Matters concerning remedies for damage, such as mediation of disputes over financial consumers;
4. Matters concerning financial education;
5. Formulation and adjustment of microfinance policies;
5-2. Overall control, coordination, and support of youth policies under the jurisdiction of the Financial Services Commission;
6. Matters concerning the management of dormant deposits and dormant insurance money and the support project for the financial life of ordinary people by the Korea Inclusive Finance Agency;
7. Matters concerning policies related to defaulters of financial debts;
8. Planning and overall control of financial support policies and systems for fostering the social economy;
9. Formulation of policies on housing finance;
10. Management and supervision of the Korea Housing Finance Corporation and Housing Finance Credit Guarantee Fund;
11. Formulation and coordination of policies on credit business, etc. and management and supervision of credit service providers, etc.;
12. Matters concerning protection of users of private financial investment;
13. Formulation and management of policies on quasi-finance;
14. Matters concerning the guidance and supervision of the Financial Supervisory Service with respect to the affairs of the Financial Supervisory Service related to subparagraphs 1 through 5, 5-2, and 6 through 13.
(4) Deleted. <Jul. 28, 2020>
[This Article Added on Jul. 24, 2018]
Article 12(Financial Policy Bureau) #
(1) The Financial Policy Bureau shall have one director general and one assisting agency (hereinafter referred to as "policy officer, etc.") to assist the director general from among the assisting agencies under Article 12 of the Common Rules of the Organization and the Prescribed Number of Personnel of Administrative Agencies shall be assigned under the director general. <Amended on Aug. 12, 2014; Jul. 28, 2020; Jun. 25, 2024>
(2) The Director General and policy officers, etc. shall be appointed from among public officials in general service belonging to the Senior Executive Service. <Amended on Aug. 12, 2014; Jul. 28, 2020>
(3) The Director General shall take charge of the following matters: <Amended on Jul. 9, 2010; Aug. 3, 2012; Aug. 12, 2014; Dec. 30, 2014; May 31, 2016; Jul. 26, 2017; Jul. 24, 2018; Dec. 30, 2025>
1. Planning and overall control of financial policies and financial systems;
2. Consultation on policies and information sharing with relevant agencies, such as the Ministry of Economy and Finance and the Bank of Korea, etc.;
3. Planning and overall control of affairs of financial supervision, inspection, and sanctions and relevant systems;
4. Adjustment and consultation of plans for operation of national treasury funds;
5. Authorization and supervision of financial holding companies and formulation of policies on financial holding company system;
6. Deleted; <Aug. 12, 2014>
7. Formulation of policies on the structural improvement of household debt and the management of the soundness of household loans;
7-2. Matters concerning the formulation of policies on green finance and credit guarantee systems and financial support for new growth industries such as green industries, etc.;
8. Deleted; <Jul. 24, 2018>
8-2. Matters concerning the business affairs of the Credit Guarantee Fund and the Credit Guarantee Fund for Farmers and Fishers;
9. Planning and overall control of the management governance system of financial companies;
10. Analysis of trends in domestic and overseas financial markets and real estate finance and formulation of related policies;
11. Matters concerning the supervision of soundness of foreign exchange business management institutions;
12. Consultation on macro-financial policies with international organizations;
13. Matters concerning the standards for operating payment and settlement systems, means of payment and settlement, and settlement intermediaries;
14. Matters concerning fund brokerage companies and short-term financial market systems;
15. Matters concerning related policies such as the privatization of state-run banks;
16. Matters concerning the supervision over the business of the KDB and Industrial Bank of Korea, and supervision over management soundness of the Export-Import Bank of Korea;
17. Planning, coordination, and overall management of corporate finance policies, including small and medium-sized enterprise finance, and inspection and analysis of corporate finance conditions;
18. Matters concerning the establishment of a sound competitive structure of the financial industry and stabilization of the financial market;
19. Overall control and coordination of authorization and permission for the incorporation of a financial company;
20.
[Moved to subparagraph 36 <Aug. 12, 2014>]
21.
[Moved to subparagraph 40 <Aug. 12, 2014>]
22. Deleted; <Dec. 30, 2011>
23. Matters concerning the opening and internationalization of finance and strengthening of international competitiveness of the financial industry;
24. Bilateral and multilateral negotiations on financial services and external cooperation;
25. Cooperating with foreign financial authorities, supervisory organizations, and international financial supervisory organizations;
26. Matters concerning the acceptance of reports on overseas direct investment by financial institutions;
27. Affairs concerning sanctions against violators of foreign exchange transaction rules;
28. Planning, coordination, and overall control of policies on financial hubs and the promotion of financial clusters, such as the formulation and implementation of a master plan for the creation and development of financial hubs;
29. Establishment and operation of institutions supporting policies on financial hubs, such as the financial hubs support center, and the financial hubs promotion committee;
30. Training of financial experts and planning and coordination of international public relations affairs related to finance;
31. Support for the entry of foreign financial institutions into the republic of Korea and the overseas expansion of domestic financial institutions;
32. Matters concerning the formulation and implementation of policies related to corporate restructuring and the improvement of systems;
33. Matters concerning support for credit risk analysis and restructuring of enterprises;
34. Matters concerning early response to corporate insolvency risks;
35. Matters concerning the formulation of policies related to a principal obligor group and principal creditor banks;
36. Matters concerning the formulation of policies on the liquidation of non-performing assets of financial institutions and the business affairs of the Korea Asset Management Corporation;
37. Matters concerning assistance in business affairs and practical support of the Public Funds3 Oversight Committee under article 3(2) of the Special Act on the Management of Public Funds;
38. Contribution from the Public Capital Redemption Fund under the Public Capital Redemption Fund Act;
39. Matters concerning the structural improvement of the financial industry, such as financial restructuring;
40. Matters concerning the formulation of policies for the protection of depositors and the affairs of the Korea Deposit Insurance Corporation;
41. Other matters related to financial policies, which are not under the control of other departments within the Committee;
42. The financial supervisory service related to the affairs referred to in subparagraphs 1 through 5, 7, 7-2, 8, 8-2, 9 through 21, and 23 through 41 matters concerning the guidance and supervision of the committee on the affairs of the Financial Supervisory Service.
(4) Deleted. <Jul. 28, 2020>
Article 13(Financial Industry Bureau) #
(1) The Financial Industry Bureau shall have one Director General, and one policy officer, etc. under the Director General. <Amended on Jul. 24, 2018; Jun. 25, 2024>
(2) The Director-General and policy officers, etc. shall be appointed from among public officials in general service belonging to the Senior Executive Service. <Amended on May 6, 2009; Dec. 30, 2011; Jul. 24, 2018; Jun. 25, 2024>
(3) The Director-General shall take charge of the following: <Amended on Jul. 9, 2010; Dec. 30, 2011; Sep. 22, 2016; Jul. 24, 2018; Jun. 25, 2024; Dec. 30, 2025>
1. Matters concerning the formulation, authorization, permission, supervision, and restructuring of policies on banking and insurance business;
2. Formulation of policies on the internationalization and structural improvement of the banking and insurance business;
3. Matters concerning the formulation and supervision of policies on the real name financial system;
4. Matters concerning credit business affairs and supervision of National Agricultural Cooperative Federation and National Federation of Fisheries Cooperatives;
5. Matters concerning the supervision of domestic branches of foreign banks;
6. Overall control and coordination of supervision over credit extension by banks;
7. Matters concerning private pension and retirement insurance systems;
8. Matters concerning the supervision of quasi-insurance business, such as public insurance and mutual aid business;
9. Matters concerning the supervision of the Insurance Business Association;
10. Matters concerning the establishment, authorization, permission, supervision, and restructuring of policies on mutual savings banking business, specialized credit finance business, and mutual financial business;
11. Matters concerning the supervision over related agencies such as the Korea Federation of Savings Banks, the Korea Federation of Credit Unions, and Specialized Credit Finance Associations;
12. Formulation and overall management of financial sector policies related to digital financial innovation;
13. Formulation of policies on new products and new services in the financial field related to digital financial innovation;
14. Operation and improvement of systems related to regulatory exceptions for innovative financial services;
15. Analysis of trends in domestic and overseas financial markets related to digital financial innovation and formulation of policies therefor;
16. Formulation of policies on electronic financial transactions and electronic financial business and permission, registration, and supervision of electronic financial business entities;
17. Formulation of security policies and improvement of systems related to electronic finance;
18. Formulation of policies and improvement of systems for the refund of damages caused by telecommunications-based financial fraud;
19. Formulation and overall control of policies related to the utilization of data in the financial sector;
20. Authorization, permission, registration, and supervision of credit information business, personal credit information management business, claims collection business, and credit information concentration agency, and management and supervision of credit information;
21. Formulation and overall control of policies on the protection of personal information and information security related to finance;
22. Establishment of policies regarding the protection of virtual asset users and the establishment of sound transaction order in the virtual asset market;
23. Supervision, inspection, and sanction measures against virtual asset service providers related to the protection of virtual asset users and the establishment of sound transaction order in the virtual asset market;
24. Planning, general oversight, and coordination of investigations into unfair trading practices related to virtual assets;
25. Matters regarding the Financial Services Commission's guidance and supervision of the business affairs of the Financial Supervisory Service related to the business affairs under subparagraphs 1 through 24.
(4) Deleted. <Jul. 24, 2018>
[Title Amended on Jul. 24, 2018]
Article 13-2(Capital Markets Bureau) #
(1) The Capital Markets Bureau shall have one Director General.
(2) The Director General shall be a public official in general service of the Senior Executive Service.
(3) The Director General shall take charge of the following affairs:
1. Formulation of policies on the advancement of capital markets;
2. Formulation of policies on financial investment business and authorization, permission, restructuring, and supervision of financial investment business entities, companies related to financial investment business, etc.;
3. Management and supervision of the sale of financial investment instruments;
4. Management and supervision of the issuance and distribution of asset-backed securities;
5. Formulation of policies on the securities depository system and settlement system;
6. Matters concerning the initial public offering and listing system;
7. Management and supervision of the Korea Exchange, the Korea Securities Depository, Securities Depository, Financial Securities Finance Companies, the Korea Financial Investment Association, etc.;
8. Formulation of policies on collective investment business and trust business, and authorization, permission, restructuring, and supervision of collective investment business entities and trust business entities;
9. Management and supervision of pensions such as retirement pensions;
10. Formulation of policies on the external audit system, corporate accounting system, and certified public accountant system of stock companies;
11. Management and supervision of the operation and distribution of the public disclosure system of securities, etc.;
12. Establishment and amendment of accounting standards and standards for external audit, and management and supervision of the Korea Accounting Institute;
13. Research on securities and derivatives, establishment of related policies and institutional research;
14. Matters concerning the planning, overall control, and coordination of investigations into unfair transactions in the capital market, etc.;
15. Matters concerning investigation into unfair transactions in the capital market, etc. and measures to be taken accordingly;
16. Matters concerning investigation into false disclosure data, missing of important facts, a violation of duty to report holding in bulk, etc. and measures to be taken accordingly;
17. Matters concerning guidance and supervision by the Financial Supervisory Service with respect to the affairs of the Financial Supervisory Service related to the affairs referred to in subparagraphs 1 through 16.
[This Article Added on Dec. 27, 2022]
Article 14(Delegation Provisions) #
(1) The titles of policy officers, etc. to be assigned to the Financial Services Commission pursuant to Article 12 of the Common Rule on the Organization and Prescribed Number of Personnel of Administrative Agencies and duties under their jurisdiction shall be prescribed by the Prime Ministerial Decree. <Added on Jul. 28, 2020>
(2) The assisting agencies or subsidiary agencies to be established under the Financial Services Commission pursuant to Articles 12(3) and 14(4) of the Common Rule on the Organization and Prescribed Number of Personnel of Administrative Agencies shall be prescribed by Prime Ministerial Decree within the limit of the prescribed number of personnel of the Commission <Amended on Jul. 28, 2020>
CHAPTER III KOREA FINANCIAL INTELLIGENCE UNIT
Article 15(Duties) #
The Korea Financial Intelligence Unit shall perform the following duties under the Act on Reporting and Using Specified Financial Transaction Information and the Act on Prohibition against Financing for Purposes of Terrorism: <Amended on Jul. 9, 2010; Dec. 30, 2025>
1. Planning of reporting system and formulation and operation of guidelines for specified financial transaction information;
2. Supervision and inspection of financial institutions, etc. related to reporting system for specified financial transaction information;
3. Provision of reference types of financial transactions subject to reporting and support with education and training for financial institutions, etc.;
4. Collection and analysis of specified financial transaction information and data on foreign exchange transactions and request for provision of data to relevant administrative agencies;
5. Provision of specified financial transaction information to investigative agencies, etc. (including cases upon request by investigative agencies, etc.);
6. Designation of a person subject to restrictions on financial transactions related to the prohibition of raising funds for terrorism and revocation thereof;
7. Permission for financial transactions related to the prohibition of raising funds for terrorism;
8. Cooperating with international financial intelligence services and exchanging information therewith;
9. Preservation of records of information related to collection, review and analysis of specified financial transaction information;
10. Promotion of cooperation and exchange of information domestically and internationally to tackle money laundering;
11. Investigation and research on trends in money laundering, etc. and measures to prevent money laundering;
12. Construction and security management of a computerized management system for specified financial transaction information.
13. Management and supervision related to the prevention of money laundering by virtual asset service providers;
14. Acceptance, renewal, and cancellation of reports filed by virtual asset service providers;
15. Inspections and sanctions related to the prevention of money laundering by virtual asset service providers.
Article 16(President) #
(1) The Korea Financial Intelligence Unit shall have 1 Commissioner, and under the Commissioner, 1 Regulatory Enforcement Division Director. <Amended on Dec. 30, 2025>
(2) The Commissioner and the Regulatory Enforcement Division Director shall be a public official in general service of the Senior Executive Service. <Amended on Dec. 30, 2025>
(3) The Commissioner shall represent the Korea Financial Intelligence Unit, and direct and supervise public officials under his or her control.
(4) The Regulatory Enforcement Division Director shall assist the Commissioner of the Korea Financial Intelligence Unit in the matters referred to in subparagraphs 1 through 3, 6 through 10, and 12 of Article 15. <Added on Dec. 30, 2025>
Article 17(Subordinate organization) #
The subsidiary agencies or assisting agencies to be established under the Korea Financial Intelligence Unit pursuant to Articles 12(3) and 14(4) of the Common Rule on the Organization and Prescribed Number of Personnel of Administrative Agencies shall be prescribed by Prime Ministerial Decree within the limit of the prescribed number of personnel of affiliated entities of the KoFIU.
CHAPTER IV PRESCRIBED NUMBER OF PUBLIC OFFICIALS
Article 18(Prescribed number of public officials assigned to Commission) #
(1) The prescribed number of public officials to be assigned to the Commission (excluding the temporary prescribed number under Article 25(1) of the Common Rules of the Organization and the Prescribed Number of Personnel of Administrative Agencies; hereafter in this Article the same shall apply) shall be as set forth in Appendix 1;provided, if necessary, the prescribed number may be separately provided by Prime Ministerial Decree within a range not exceeding 10 percent of the total prescribed number under Appendix 1. <Amended on Dec. 30, 2015; Mar. 30, 2018; Jul. 28, 2020; Aug. 30, 2023; Mar. 31, 2026>
(2) The prescribed number of public officials for each grade of the Commission shall be prescribed by Prime Ministerial Decree. In such cases, the prescribed number of public officials of Grade IV (including the prescribed number of public officials of Grade III or IV) shall be 25 persons, and the upper limit of the prescribed number of public officials of Grade III or IV (including the prescribed number of public officials of Grade III or IV) shall be 1/3 of the prescribed number of public officials of Grade IV; the upper limit of the prescribed number of public officials of Grade IV or V shall be 1/3 of the prescribed number of public officials of Grade IV or V (including the prescribed number of public officials of Grade IV or V). <Amended on Aug. 12, 2014; Jul. 24, 2018; Sep. 7. 2021; Dec. 27, 2022; Jun. 25, 2024; Dec. 30, 2025>
(3) Among the prescribed number of public officials assigned to the Commission, one person (one Grade V official) shall be filled by a public official belonging to the Ministry of the Interior and Safety, and one person (one Grade V official) by a public official belonging to the Ministry of Agriculture, Food and Rural Affairs. In such cases, the Chairperson shall consult in advance with the head of each relevant agency regarding the methods and procedures for filling such positions. <Added on Mar. 31, 2026>
Article 19(Prescribed number of public officials assigned to KoFIU) #
(1) The prescribed number of public officials to be assigned to the KoFIU shall be as specified in Appendix 2; provided, if necessary, the prescribed number of public officials may be separately determined by Prime Ministerial Decree within 10 percent of the total prescribed number of public officials under Appendix 2. <Amended on Mar. 30, 2018; Jul. 28, 2020; Aug. 30, 2023>
(2) The prescribed number of public officials for each grade of the KoFIU shall be prescribed by Prime Ministerial Decree. In such cases, the upper limit of the prescribed number of prosecutors (referring to prosecutors dispatched within the limit of the prescribed number of prosecutors under the Act on the Prescribed Number of Prosecutors) shall be 4 persons; the upper limit of the prescribed number of senior superintendent shall be 1 person; the upper limit of the prescribed number of public officials of Grade IV (including the prescribed number of public officials of Grade III or IV) shall be 4 persons; the upper limit of the prescribed number of public officials of Grade III or IV shall be 15/100 of the prescribed number of public officials of Grade IV; the upper limit of the prescribed number of public officials of Grade IV or V shall be 15/100 of the prescribed number of public officials of Grade V (including the prescribed number of public officials of Grade IV or V). <Amended on Aug. 12, 2014; Dec. 30, 2025>
(3) Deleted. <May 6, 2009>
(4) Among the prescribed number of public officials to be assigned to the Korea Financial Intelligence Unit, 5 persons (3 persons of Grade V, 1 person of Grade VI, and 1 person of Grade VII) shall be from the Ministry of Justice, 2 persons (2 public officials of Grade V) shall be from the Ministry of Public Administration and Security, and 10 persons (1 person of Grade IV, 2 persons of Grade V, 5 persons of Grade VI, and 2 persons of Grade VII) shall be from the National Tax Service; 9 persons (1 person of Grade IV, 3 persons of Grade V, 4 persons of Grade VI, and 1 person of Grade VII) be from the Korea Customs Service; 8 persons (1 Senior Superintendent, 4 Superintendents, 3 Senior Inspectors) be filled by public officials belonging to the National Police Agency, respectively. In such cases, the Chairman of the Financial Services Commission shall consult the heads of the relevant agency in advance on the method and procedure for filling open positions. <Amended on Dec. 30, 2011; Feb. 17, 2014; Sep. 17, 2021>
Article 20(Special cases concerning open positions) #
An open position of one director general level determined by the Chairperson through directives, established rules, and other methods may be appointed from among public officials in a fixed term position. <Amended on Jan. 6, 2015; Aug. 30, 2023>
[This Article Wholly Amended on Dec. 11, 2013]
[Title Amended on Aug. 30, 2023]
Article 20-2(Special cases on allocation and management of prescribed number of public officials in professional service) #
(1) Notwithstanding Articles 4(2)5, 4-2(2)5, 8-2(1), 23(1), and 24(1) of the Common Rule on the Organization and Prescribed Number of Personnel of Administrative Agencies, the prescribed number of public officials in professional service under Article 2 of the Regulations on the Personnel Management of Public Officials in Professional Service may be determined by integrating the prescribed number of public officials by rank (excluding the prescribed number of public officials who are assigned to departments or subordinate organizations equivalent thereto). In such cases, the prescribed number of public officials in professional service (excluding the prescribed number of public officials who are assigned to departments or subordinate organizations equivalent thereto) by rank shall be prescribed by Prime Ministerial Decree. <Amended on Jul. 28, 2020>
(2) No public officials in Professional Service under paragraph (1) shall not be assigned outside the Financial Consumer Bureau, the Financial Industry Bureau, and the Capital Market Bureau. In such cases, departments or subordinate organizations equivalent thereto with the prescribed number of public officials in professional service shall be prescribed by Prime Ministerial Decree. <Amended on Jul. 24, 2018; Dec. 27, 2022>
(3) Articles 25(1), 27(2) and (3) (including matters concerning the allocation of the prescribed number of public officials of central administrative agencies under the main sentence of paragraph (1) of the same Article), 29-2, and 31 of the Common Rule on the Organization and Prescribed Number of Public Officials of Administrative Agencies shall not apply to the allocation and operation of the prescribed number of public officials in professional service under paragraphs (1) and (2). <Amended on Mar. 30, 2018>
[This Article Added on May 8, 2017]
CHAPTER IV-2 ORGANIZATION SUBJECT TO EVALUATION AND PRESCRIB
Article 21(Organizations subject to evaluation) #
(1) The organizations subject to evaluation to be assigned to the Financial Services Commission pursuant to Article 31(1) of the Common Rule on the Organization and the Prescribed Number of Personnel of Administrative Agencies shall be as specified in Appendix 3.
(2) Detailed matters concerning organizations subject to evaluation under paragraph (1) shall be prescribed by Prime Ministerial Decree.
[This Article Added on Sep. 7, 2021]
CHAPTER V TEMPORARY ORGANIZATION AND TEMPORARY QUOTA OF PERS
Article 22(National Growth Fund Promotion Task Force) #
(1) A National Growth Fund Promotion Task Force shall be established in the Secretariat of the Financial Services Commission as a temporary organization that shall exist until December 31, 2028, under Article 17-3(1)1 of the Common Rules of the Organization and the Prescribed Number of Personnel of Administrative Agencies.
(2) The National Growth Fund Promotion Task Force shall have 1 Head, who shall be a public official in general service of the Senior Executive Service.
(3) The Head shall be in charge of the following matters:
1. Overall coordination and adjustment of the operation of the National Growth Fund (hereinafter referred to as the "National Growth Fund"), which is formed from the high-tech strategic industry fund, etc. under Article 29-7 of the Korea Development Bank Act, for the purpose of strengthening the competitiveness of high-tech strategic industries;
2. Establishment and implementation of plans for the operation of the National Growth Fund;
3. Organization and operation of consultative bodies related to the National Growth Fund;
4. General supervision and control and adjustment of institutional improvements related to the National Growth Fund;
5. Establishment and operation of guidelines related to the National Growth Fund;
6. Establishment and operation of the internal control system of the National Growth Fund;
7. Analysis and management of current issues in industries related to the operation of the National Growth Fund;
8. General supervision and control and adjustment of demand surveys of enterprises related to the operation of the National Growth Fund and related consultations;
9. Monitoring and analysis of the operational status of the National Growth Fund;
10. Performance management and evaluation related to the operation of the National Growth Fund;
11. Establishment and implementation of measures for public participation and regional support related to the National Growth Fund;
12. Consultation and coordination with relevant agencies on matters related to subparagraphs 1 through 11;
13. Enactment and amendment of financial statutes and regulations corresponding to subparagraphs 1 through 11.
(4) The prescribed number of public officials assigned to the National Growth Fund Promotion Task Force shall be as specified in Appendix 4.
(5) Of the fixed number specified in Appendix 4, 2 public officials (1 Grade IV or Grade V public official and 1 Grade V public official) shall be assigned from the Ministry of Economy and Finance, 2 public officials (1 Grade IV public official and 1 Grade V public official) from the Ministry of Science and ICT, 2 public officials (2 Grade V public officials) from the Ministry of the Interior and Safety, 1 public official (1 Grade V public official) from the Ministry of Culture, Sports and Tourism, 3 public officials (1 Grade IV public official, 1 Grade V public official, and 1 Grade VI public official) from the Ministry of Trade, Industry and Resources, 1 public official (1 Grade V public official) from the Ministry of Health and Welfare, 1 public official (1 Grade V public official) from the Ministry of Climate, Energy and Environment, 1 public official (1 Grade V public official) from the Ministry of SMEs and Startups, 1 public official (1 Grade V public official) from the Ministry of Food and Drug Safety, and 1 public official (1 Grade V public official) from the Defense Acquisition Program Administration; in such cases, the Chairperson shall consult in advance with the heads of the relevant agencies regarding the methods and procedures for such assignment.
(6) The prescribed number of positions by class specified in Appendix 4 shall be prescribed by Prime Ministerial Decree.
(7) Any subsidiary bodies or assisting bodies to be placed in the National Growth Fund Promotion Task Force under Articles 12(3) and 14(4) of the Common Rules of the Organization and the Prescribed Number of Personnel of Administrative Agencies shall be prescribed by Prime Ministerial Decree.
[This Article Added on Dec. 30, 2025]
Article 23(Corporate Restructuring Division) #
(1) The Corporate Restructuring Division shall be established in the Financial Policy Bureau of the Secretariat of the Financial Services Commission as a temporary organization that continues to exist until Dec. 25, 2026 pursuant to Article 17-3(1)1 of the Common Rule on the Organization and the Prescribed Number of Personnel of Administrative Agencies. <Amended on Dec. 27, 2016; Dec. 31, 2018; Dec. 29, 2020; Oct. 13, 2023; Oct. 15, 2024>
(2) The Corporate Restructuring Division shall have one director, who shall be appointed from among Grade IV public officials.
(3) The Director shall take charge of the following affairs:
1. Matters concerning the formulation and implementation of policies related to corporate restructuring;
2. Matters concerning the improvement of systems related to corporate restructuring;
3. Matters concerning the analysis of credit risk of enterprises;
4. Matters concerning support for corporate restructuring;
5. Matters concerning the analysis and assessment of credit risk by type of business;
6. Matters concerning early response to corporate insolvency risks;
7. Matters concerning the formulation of policies related to a principal obligor group and principal creditor banks;
8. Matters concerning the analysis of credit risks of a principal obligor group;
9. Matters concerning consultation and coordination with relevant agencies related to corporate restructuring;
10. Matters concerning the formulation of policies on the liquidation of non-performing assets of financial institutions and the business affairs of the Korea Asset Management Corporation;
11. Investigation and research on matters under subparagraphs 1 through 10;
12. Matters concerning the enactment and amendment of the finance-related statutes and regulations falling under subparagraphs 1 through 10;
13. Matters concerning guidance and supervision by the Financial Supervisory Service with respect to the affairs of the Financial Supervisory Service related to the affairs referred to in subparagraphs 1 through 12.
(4) The prescribed number of public officials assigned to the Corporate Restructuring Division shall be as specified in Appendix 4. <Amended on Jul. 24, 2018>
(5) The prescribed number of personnel by rank in Appendix 4 shall be prescribed by Prime Ministerial Decree. <Amended on Jul. 24, 2018>
[This Article Added on Dec. 30, 2015]
[Moved from Article 21 <Jul. 24, 2018>]
Article 23-2 #
Deleted. <Dec. 30, 2025>
Article 23-3 #
Deleted. <Dec. 30, 2025>
Article 24(Temporary quota of personnel) #
In order to perform business affairs for the eradication of unfair trade in the capital market, a temporary prescribed number under Appendix 5 shall be assigned to the Commission until March 31, 2028, under Article 25(1) of the Common Rules of the Organization and the Prescribed Number of Personnel of Administrative Agencies.
[This Article Added on Mar. 31, 2026]