FSS Governor Lee Chan-jin Makes First Visit to London Since Taking Office... Promotes Korea's Capital Market to Goldman Sachs and Others

Investor Relations Event Invites 22 Global IBs and Asset Management Firms Including Goldman Sachs and Morgan Stanley
National Pension Service, Seoul Metropolitan Government, Busan Metropolitan Government, Shinhan Financial Group, Woori Financial Group, Korea Investment & Securities, and NH Investment & Securities Join the Delegation
Discussion with UK Financial Conduct Authority on Product Sales Restriction and Prohibition Orders

Lee Chan-jin, Governor of the Financial Supervisory Service, visited London, UK, along with local government officials and representatives from the financial sector, to hold an investor relations (IR) event and explain the competitiveness of Korea’s capital market to global financial firms including Goldman Sachs and Morgan Stanley. This was Governor Lee’s first visit to London since taking office in August last year.

Lee Chan-jin, Governor of the Financial Supervisory Service (fourth from the left), explained the competitiveness of the Korean capital market to senior executives from a total of 22 global major investment banks (IBs) and asset management companies, including Goldman Sachs, Morgan Stanley, Insight, and Pimco, at an investor relations (IR) briefing held on the 8th (local time) in London, UK. From the left, Sung Hwan Kim, CEO of Korea Investment & Securities; Okdong Jin, Chairman of Shinhan Financial Group; Chan-gu Park, Deputy Mayor for Political Affairs of Seoul; Governor Lee; Han-guk Kim, Head of Strategy at the National Pension Service; Jong-ryong Lim, Chairman of Woori Financial Group; and Jae-wook Shin, CEO of NH Investment & Securities. Financial Supervisory Service

According to the Financial Supervisory Service on September 10, Governor Lee held an IR event at 8 Bishopsgate in London on September 8 (local time), together with representatives from Seoul Metropolitan Government and the financial sector. The event targeted senior executives from a total of 22 global major investment banks (IB) and asset management companies, including Goldman Sachs, Morgan Stanley, Insight, and PIMCO, with the aim of attracting investment. Attendees included Governor Lee; Kim Han-guk, Head of the Strategy Division of the National Pension Service; Park Chan-gu, Deputy Mayor for Political Affairs of Seoul; Jin Ok-dong, Chairman of Shinhan Financial Group; Lim Jong-ryong, Chairman of Woori Financial Group; Kim Sung-hwan, CEO of Korea Investment & Securities; and Shin Jae-wook, CEO of NH Investment & Securities.

This IR event was organized as a small roundtable meeting focused on major global IBs and asset management firms, designed to facilitate more efficient and in-depth communication among participants. The Korean capital market’s current status and policy direction were presented, and questions on key issues were addressed. The National Pension Service also shared information on its performance, growth strategies, and investment principles with the global financial companies.

In his opening remarks, Governor Lee stated, “We will create an environment in which investors can confidently invest in the Korean capital market and in Korean companies,” and added, “We will encourage active efforts by undervalued companies to enhance their values and modernize the corporate governance of financial institutions so that shareholder value is fully respected as part of corporate culture.”

He went on to say, “We will improve the funding conditions for new growth and innovative companies, as well as the investment environment for foreigners, by upgrading infrastructure in the capital and foreign exchange markets.”

During a Q&A session with representatives of global financial institutions, Governor Lee explained that detailed measures are being taken to prevent excessive volatility in the Korean stock market due to leverage or “debt-based investment.”

Financial Supervisory Service Chairman Chan-jin Lee (far right) met with key officials from the UK Financial Conduct Authority (FCA) in London, UK, on the 7th (local time) to discuss the financial consumer protection systems and supervisory directions of both countries and then posed for a commemorative photo. From the right: Chairman Lee, Sarah Pritchard, Deputy Chief Executive of the UK Financial Conduct Authority (FCA), and Steve Smart, Director of the UK FCA. Photo by Financial Supervisory Service

While in London, Governor Lee also held consecutive meetings with top officials from the UK’s Financial Conduct Authority (FCA), Prudential Regulation Authority (PRA), and Financial Reporting Council (FRC).

During these meetings, Governor Lee outlined the Financial Supervisory Service’s efforts to establish a proactive consumer protection framework. He also discussed strategies to address digital operational risks, regulatory frameworks for virtual assets and stablecoins, as well as measures to respond to accounting fraud and strengthen accounting oversight, exchanging views and current practices on these common supervisory issues between the two countries.

In particular, Governor Lee met with Sarah Pritchard, Deputy Chief Executive of the FCA, to learn about the FCA’s product intervention regime, including sales restrictions and prohibition orders, as well as detailed standards and examples of the voice phishing compensation scheme.

A Financial Supervisory Service official stated, “The Financial Supervisory Service will continue to create opportunities to share the Korean government’s policy direction with global investors in collaboration with local governments and the financial sector. We will keep introducing Korea’s financial industry and policies to enhance global understanding and predictability, and contribute to raising Korea’s profile as a leading financial hub.”

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