Recruitment corruption investigation controversy for ¡®the 2nd financial sector¡¯
Cho Eun Guk | ceg4204@ | 2018-03-09 11:03:56

The financial authorities have begun full-fledged investigation into the recruitment of credit card companies, insurance companies and savings banks. The financial authorities are reporting that they have received reports on irregularities, but they have already begun to investigate whether or not the private and specialized hiring culture of individual financial institutions will be uniformly organized by the authorities. Especially in the case of large corporations, hiring is done according to the hiring culture of group companies, and there is a growing concern that the financial authorities will decide.

Meanwhile, the Financial Supervisory Service (FSS) plans to start a full-scale investigation and investigation starting next month as it has received details on the recruitment of the second financial sector to the the Financial Supervisory Service (FSS) is expected to continue to increase the number of non-recruitment reports for the second financial sector.

A FSS expert stated, "Several months have passed since the center was set up, and a number of related reports have been received." We will examine the details of the report and conduct on-site inspections for financial institutions that are judged to have problems. The expert said, "We have been hesitant to move to the Financial Supervisory Service, but since the greetings are over, we will start a full investigation into the information coming into the center from now on."

The Financial Supervisory Commission has investigated the recruitment of five banks including KB Kookmin Bank and KEB Hana Bank through an inquiry into major banks` bankruptcy investigations, and commissioned them to prosecutors. The center is operating. Although the financial authorities have begun to investigate the unusual recruitment of the second financial sector, the response of the industry is cold. Insurance, cards and savings banks, etc. The second financial sector is a financial institution, but unlike a bank, it is a private company because of its structure and nature. Thus, although the Financial Supervisory Service (FSS) has begun to investigate the unfairness of the second financial sector with the public nature of the financial institution, it is highly likely to seriously undermine the management autonomy of private enterprises.

An expert from the second banking sector said, "In the case of banks, the ownership and governance structure is distributed, but 2 financial institutions are mostly private companies," he said. "It is not a problem for a company with a strong private." He said.

Especially, large-scale insurers and credit card companies are adopting unique recruitment methods depending on the size or size of the financial business. They are concerned that the financial authorities will judge different recruitment methods based on certain criteria.

One savings bank expert also said, "It may take a long time because the number of savings banks reaches 79, and if only a specific savings bank is inspected, there may be a point about equity." In particular, many insurers are foreigners, "If we exclude foreigners from this target, the opposition of other financial companies that will be inspected will increase." The Financial Services Authority, which is in the process of recruiting Libby for the second financial sector, is disagreeing. A senior official on the actual financial situation expressed concern that "applying the same standard of hiring standards to private financial institutions as banks would be difficult in reality."

By Cho Eun Guk ceg4204@


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