South Korea's Financial Supervisory Services chief resigns

SEOUL (Reuters) - South Korean President Moon Jae-in has accepted the resignation of the chief of the country's financial watchdog, a spokesman for the presidential Blue House said on Wednesday.

Choe Heung-sik, head of the Financial Supervisory Services (FSS) since September, offered to step down from his position on Monday after he was alleged to have been involved in irregular hiring practices when he was president of a commercial bank.

Choe has denied any wrongdoing.

(Reporting by Dahee Kim; Editing by Eric Meijer)

Must Read

Home Depot rides housing boom to record sales, profit

Aug 16, 2016

Home Depot posted record sales and earnings during its second quarter and raised its profit expectations for the year as housing market continues to warm up

Are France's burkini bans sexist, or liberating?

Aug 17, 2016

Male officials are dictating what women can wear on French beaches _ and people across a wide swath of French society say that's a good thing

US stocks dip as phone stocks fall; earnings hit retailers

Aug 17, 2016

US stocks fall, with the biggest losses again going to phone and utility companies


Obserworld delivers the most accurate and up-to-date world news for the global audience with a thorough research and in-depth interviews. Discover the world through Obserworld.

Contact us: