‘Lime and Optimus’ controversy over poor supervision

The Ministry of Strategy and Finance announced on the 29th that it had deliberated and decided on a public institution designation plan this year by holding the Public Organization Steering Committee (Kongwoon Committee). Twelve institutions, including Korea Expressway Corporation Service Co., Ltd., and Korea Institute of Fusion Energy, have been newly designated as public institutions. The Financial Supervisory Service, which attracted attention, again fell out of designation as a public institution.

Additional designated public institutions this year are △Construction Technology Education Institute △Architectural Research Institute △Spatial Information Quality Management Institute △National Aviation Museum △National Maritime Science Museum △National Honam Biological Resource Center △(Re)Next Generation Numerical Prediction Model Development Project △Korea Employment and Labor Education Institute △ Korea Expressway Corporation Service Co., Ltd. △Korea Institute of Materials Research △Korea Research Institute for Nuclear Convergence Energy △KEPCO MCS Co., Ltd.

△(Re)Korea Smart Grid Project Group △Korea Construction Management Corporation, etc., the designation was lifted for reasons such as transfer of functions or consolidation. The Folk Finance Promotion Agency has been converted from other public institutions to quasi-governmental institutions.

This year, a total of 350 public institutions were confirmed, including 36 public enterprises, 96 quasi-governmental institutions, and 218 other public institutions. One quasi-governmental institution and nine other public institutions increased from last year.

As a result of the discussion, the FSS avoided the designation again. The Financial Supervisory Service was controversial over poor supervision due to the Lime Asset Management and Optimus private equity crisis, and it was predicted that the possibility of designating a public institution this year was high. However, the Financial Services Commission, a higher-level institution, conveyed the opinion against the designation to the Ministry of Finance, saying that the Financial Supervisory Service is already controlling at a level comparable to that of public institutions, and the Gongwoon Committee finally made a decision to withhold.

However, the Gongwoon Committee decided to strengthen the conditions of the FSS’s reservation for designation of public institutions. Last year, the Financial Supervisory Service submitted a plan to improve organizational operation efficiency to reduce the ratio of top 3 or higher ranks to 35% within the next five years, but the Gongun Committee decided to impose strengthened conditions, such as further reducing the top ranks and reorganizing overseas offices. .