Finance
FSS chief urges banks to curb household debt and strengthen consumer protection
Lee Chan-jin (이찬진), head of South Korea\'s Financial Supervisory Service, met chief executives of 20 domestic banks and called for stronger consumer protection and internal controls. He urged stable management of household debt and steps to channel bank funds into productive sectors. He also told banks to reassess high-risk product sales practices amid ongoing controversy over Hong Kong H-index equity-linked securities. Lee urged proactive governance reforms and said oversight would shift to a preventive, consumer-protection-focused approach.
