Korean Financial Regulator Relocation Plan Faces Staff Exodus

Korean Financial Regulator Relocation Plan Faces Staff Exodus South Korea risks accelerating staff exodus from its financial regulator as the government considers moving the agency out of Seoul, with an overwhelming majority of surveyed employees saying they would consider quitting if the move goes ahead. The government is likely to announce a plan to relocate ministries and public institutions this week, with the Financial Supervisory Service expected to be among the agencies considered for a move to the administrative city of Sejong, according to local media reports.