Under-40s and Lawyers in FSS Say "I'd Rather Quit Than Relocate"... Over 8 Out of 10 Employees Considering Leaving

92.5% of Employees Under 40 and 94.2% of Lawyers "Considering Changing Jobs"

Second Phase of Public Institution Relocation Plan Imminent... Concerns Over Talent Exodus

With the Financial Supervisory Service (FSS) among the candidates for the government’s second round of public institution relocations to regional areas, a recent survey has found that more than 8 out of 10 FSS employees are considering changing jobs if the headquarters is relocated. The intention to leave is particularly high among younger employees under the age of 40 and among professionals such as lawyers and certified public accountants.

According to a survey conducted by the FSS labor union on 1,538 staff members, 69.7% responded that they would "actively consider changing jobs" if the FSS headquarters, currently located in Yeouido, Yeongdeungpo-gu, Seoul, was moved to a regional area. When including those who said they "would consider changing jobs," the proportion climbed to 85.6%.

The FSS labor union measured the intention to leave using a 5-point scale. Those who chose 4 or above were classified as "actively considering changing jobs," and those who chose 3 or above as "considering changing jobs."

The younger the employee, the more prominent the intention to leave due to relocation. Among respondents under the age of 40, 82.5% said they would actively consider leaving, and 92.5% said they would consider it.

The possibility of the departure of professionals such as lawyers and accountants was also found to be high. Among domestic and foreign accountants who responded to the survey, 78.9% said they would actively consider leaving, while 90.6% said they would consider it.

The intention to leave was even higher among lawyers. Of the domestic and foreign lawyers surveyed, 85.5% said they would actively consider changing jobs, and a total of 94.2% said they would at least consider it.

The government is expected to announce the second round of public institution relocation plans as early as August 25. As the relocation of the Financial Services Commission to Sejong is likely, there is also a high possibility that the FSS will be included among the institutions to be moved. However, there are also expectations that in the announcement anticipated on the 25th, the FSS might be temporarily excluded from the list of institutions to be relocated.

This content was produced with the assistance of AI translation services.