Shin Dong-uk, a member of the People Power Party, raised concerns over "unfair treatment controversies," including inspections by the Financial Supervisory Service regarding the non-allocation of SpaceX public offering housing subscriptions to Mirae Asset Securities. Lee Chan-jin, head of the Financial Supervisory Service, stated that "individual investigation was necessary because Mirae Asset Securities conducted the professional investor registration process on mobile devices rather than work PCs, leaving no records," and announced a policy of "strict management" regarding inspection conduct that appears as unfair treatment.
On the 19th, at the National Audit targeting the Financial Supervisory Service held at the Seoul Yeouido National Assembly, Shin (Rep.) stated, "The Financial Supervisory Service has been conducting inspections on Mirae Asset Securities since June regarding SpaceX public offering housing subscriptions, and we are receiving many reports from the labor union side." He added, "For example, they reportedly summoned 150 employees from regional branches to headquarters for investigation and demanded phone call and KakaoTalk records. The inspection is being conducted very diligently, but it seems there are problems these days," pointing out the issue.
Shin (Rep.) stated, "In the case of BNK Financial Group, after President Lee Jae-myung pointed out a 'corrupt inner circle,' the Financial Supervisory Service inspection began. They reportedly conduct high-pressure investigations by repeatedly shouting, summoning employees four to five times a week, and applying psychological pressure by mentioning superiors if desired answers are not obtained." He raised the issue, saying, "We need to look at specific cases, but it seems like a bit of unfair treatment." This points out that the Financial Supervisory Service is abusing its inspection authority as a means of pressure on financial institutions.
Specifically, he mentioned that since Director Lee's inauguration, the number of personnel deployed per inspection has increased from 35 to 42, and the monthly average number of sanctions has increased by 19%, particularly noting the increased proportion of bank inspections. Shin (Rep.) asked, "I was well aware that Financial Supervisory Service inspections are intense, but in cases like SpaceX public offering housing subscriptions, where the internal [Yongin] is so obvious, isn't it a bit unfair to summon 150 employees from local areas to headquarters for investigation?"
Regarding the Mirae Asset Securities union's raising of issues related to the SpaceX inspection, Lee Chan-jin (Director) stated, "Some parts are being verified for factual accuracy, and some parts are exaggerated." He explained, "However, the inspection will be completed by this Thursday (the 22nd)."
Director Lee also specifically revealed the reason why the inspection of Mirae Asset Securities had been prolonged. Director Lee said, "Originally, in the process of registering professional investors, [securities firms] should do it through work PCs or similar means, but Mirae Asset Securities conducted it on mobile devices without leaving records." He added, "This part caused significant delays and reached a situation where individual investigation was necessary."
Director Lee announced a policy to strictly manage the controversy over unfair treatment inspections by the Financial Supervisory Service through measures such as strengthening employee training. Director Lee stated, "We will continue to strictly manage areas that may constitute so-called unfair treatment," and promised, "Regarding inspection field departments, we are continuously providing education on this matter, and if crisis situations or similar issues arise, we will take appropriate sanction measures."
in STOCK
