BUSAN — The Busan Metropolitan Government said it will appoint Lee Dong-yeop, a deputy director-general at the Financial Services Commission, as its director-general for finance and startup policy effective the 27th. The position, a grade-three director-general post, oversees policies on expanding financial hub infrastructure, financial technology innovation and support for startups and venture businesses.
The appointment fills the post after the previous officeholder's secondment expired, and was carried out under a planned personnel exchange program between the city and the FSC. The term runs one year, through Aug. 26 next year.
Busan said the exchange with the FSC, which oversees financial policy, is intended to combine the central government's policy expertise with the city's on-the-ground administrative capacity. The city expects the arrangement to strengthen policy coordination with the central government on key issues, including developing Busan as a financial hub, bolstering the competitiveness of the financial industry and invigorating the finance and startup ecosystem.
Lee entered public service through the 44th civil service examination and has built experience across financial policy, serving as head of the insurance division and the financial innovation division at the FSC's Financial Industry Bureau. Officials cited his expertise in finance and economics as well as his broad policy network within the financial regulator as strengths.
The city said it will continue the planned personnel exchange with the FSC to deepen expertise in finance, widen the basis for cooperation with the central government and respond more actively to major financial issues.
"The director-general for finance and startup policy is an important post that oversees Busan's financial industry and startup policy," Mayor Jeon Jae-soo said. "I hope he will draw on the extensive experience and expertise he built at the FSC to actively reflect voices from the field in policy and lead the development of Busan's financial industry."
