Financial Supervisory Service faces rising turnover and revolving door concerns

The Financial Supervisory Service (FSS) is facing a crisis due to an increasing number of resignations, particularly among young professionals and high-ranking officials. Data released by lawmaker Park Seong-hun shows that 481 employees left the FSS between 2022 and July 2025, with annual departures rising steadily.

Of the total resignations, 180 individuals were in their 20s, 30s, or 40s, accounting for 37.4% of departures. Notably, in 2025, half of the employees who left through July were aged 20 to 40. This trend is exacerbated by discussions regarding the potential relocation of public institutions to regional areas; a union survey indicated that 82.5% of employees under age 40 would actively consider changing jobs if forced to move.

Concerns regarding the ‘revolving door’ phenomenon have also surfaced. Many departing officials seek employment at major law firms, such as Kim & Chang, or at financial institutions they previously supervised, including banks, securities firms, and virtual asset exchanges like Dunamu and Bithumb. Critics argue this movement could undermine the independence and fairness of financial supervision.