Details of official expenses used by Financial Supervisory Service Gov. Lee Chan-jin since taking office have been disclosed for the first time, with most spending tied to discussions on supervisory issues, staff encouragement and media briefings.
According to financial authorities on the 29th, the FSS posted the governor’s expense-account records on its website the previous day. The disclosure covers eight months of spending from August last year, when Lee took office, through March this year.
Total spending during the period was 16,677,500 won across 76 transactions, averaging about 2.09 million won a month. Monthly totals were 1,621,100 won in August 2025; 2,167,000 won in September; 1,629,000 won in October; 2,336,600 won in November; 2,068,400 won in December; 2,268,300 won in January 2026; 2,204,100 won in February; and 2,383,000 won in March.
Most expenses were incurred at restaurants around Yeongdeungpo-gu in Seoul, where the FSS headquarters is located. By purpose, work-related meetings accounted for a large share, including discussions on key supervisory issues and work plans and sharing difficulties by division. Other items included staff encouragement, meetings with news organizations, consultations with related agencies, and condolence or congratulatory payments.
The disclosure follows Lee’s pledge during a National Assembly Legislation and Judiciary Committee audit in October last year. After criticism over how the FSS exercises its authority, he said he would improve transparency in the use of official expenses.
Separately, official expenses used under the previous FSS governor from January through May last year totaled 12.10 million won, averaging 2.42 million won a month: 2.37 million won in January, 2.55 million won in February, 1.82 million won in March, 2.45 million won in April and 2.89 million won in May.
* This article has been translated by AI.
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