FSC Awards 18 Million Won to Staff Behind Suicide Prevention, Youth Savings Plans

Special Performance Bonuses Granted

Finance|
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By Cho Ji-wonjw@sedaily.com
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Financial Services Commission Chairman Lee Eok-won (second from left) poses with award-winning staff at the third Financial Services Commission Awards on the 2nd. Financial Services Commission - Seoul Economic Daily Finance News from South Korea
Financial Services Commission Chairman Lee Eok-won (second from left) poses with award-winning staff at the third Financial Services Commission Awards on the 2nd. Financial Services Commission

The Financial Services Commission (FSC) has awarded 18 million won in bonuses to employees who delivered standout results, including suicide prevention measures for people in financial distress, the launch of the Youth Future Savings Account and the easing of network separation rules.

The FSC said on the 2nd that it held the third FSC Awards ceremony and granted a combined 18 million won to three employees for outstanding performance. The awards are special performance bonuses designed to provide tangible rewards to staff who produce results the public can feel. The Ministry of the Interior and Safety also selected the FSC as a model agency for operating the special performance bonus program.

The top prize of 10 million won went to Jung Jae-yoon, a deputy director on the integrated support team, who drafted suicide prevention measures for people in financial distress. The package, reported to the Cabinet, included a government-wide and public-private effort to launch a single hotline for comprehensive debt counseling (1375), tailored financial products for low- and middle-income and vulnerable groups, and a platform to publicize financial firms' community investment programs.

The second prize of 5 million won went to Kim Hee-jin, a deputy director in the youth policy division. Kim led the detailed design of the Youth Future Savings Account, which helps young adults build their first assets, covering eligibility, the payment structure, the method for paying government contributions and income verification. Kim also identified in advance the difficulties faced by soldiers who could not sign up because mobile phone use is restricted at training centers, and drew up measures to help them enroll. Closing such policy gaps helped push enrollment to 1.385 million people.

The third prize of 3 million won went to Kim Young-joon, a deputy director in the financial safety division, who handled the easing of network separation rules. Kim set the policy direction of "defending against AI attacks with AI" and pushed for measures including immunity for staff involved in minor IT disruptions and the establishment of a financial AI security research institute and support center. Kim was credited with laying the groundwork to strengthen security capabilities across the financial sector, encouraging firms to take active steps to bolster security and minimizing public harm from breaches.

FSC Chairman Lee Eok-won said, "Special results begin with knowing what policies the public truly needs." He added, "We will continue to identify employees who do not miss voices from the field and turn them into policy, and reward them boldly."

Original reporting by Cho Ji-won for Seoul Economic Daily.

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

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