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Financial Services Commission Deputy Director General Lee Dong-yeop Appointed as New Director General for Financial and Startup Policy

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Busan Metropolitan City, led by Mayor Chun Jae-soo, announced that Lee Dong-yeop, Deputy Director General of the Financial Services Commission, will be appointed as Director General for Financial and Startup Policy effective August 27.

The appointment follows the completion of the current Director General for Financial and Startup Policy’s secondment and was made under the planned personnel exchange program between Busan Metropolitan City and the Financial Services Commission.

The term of the newly appointed Director General for Financial and Startup Policy Lee Dong-yeop will run for one year, from August 27, 2026 to August 26, 2027.

The Director General for Financial and Startup Policy is a Grade 3 director general-level position responsible for overseeing financial affairs, including the expansion of financial center infrastructure and support for financial technology innovation, as well as policies supporting startups and venture businesses.

Through its planned personnel exchange with the Financial Services Commission, Busan Metropolitan City has been strengthening its expertise in the financial sector and building a framework for policy cooperation with the central government.

Through this appointment, Busan Metropolitan City plans to combine the Financial Services Commission’s financial policy expertise with the City’s on-the-ground administrative capabilities to enhance the competitiveness of Busan as a financial center and invigorate its finance and startup ecosystem.

Drawing on his financial policy experience at the Financial Services Commission and his network across central government ministries, the newly appointed Director General for Financial and Startup Policy Lee Dong-yeop is expected to accelerate key initiatives, including developing Busan as a financial center, strengthening the competitiveness of the financial industry, and revitalizing the finance and startup ecosystem.

The newly appointed Director General for Financial and Startup Policy Lee Dong-yeop was born in 1973 and entered public service through the 44th Higher Civil Service Examination. He has held key positions at the Financial Services Commission, including Director of the Insurance Division of the Financial Industry Bureau and Director of the Financial Innovation Division.

He holds a bachelor’s degree in public administration from Yonsei University, a master’s degree in business administration from Boston University in the United States, and a doctorate in economics from Chung-Ang University, reflecting his expertise in finance and economics.

Busan Metropolitan City plans to continue its planned personnel exchanges with the Financial Services Commission to further strengthen policy expertise in the financial sector and proactively address major financial issues through close communication and cooperation with the central government.

Mayor Chun Jae-soo said, “The Director General for Financial and Startup Policy plays an important role in overseeing Busan’s financial industry and startup policies. I expect Deputy Director General Lee Dong-yeop to draw on the extensive experience and expertise he has built at the Financial Services Commission, actively reflect voices from the field in policy, and lead the development of Busan’s financial industry.”