Lee Bok-hyun, Financial Supervisory Service./Courtesy of News1

On the 2nd, Lee Bok-hyeon, head of the Financial Supervisory Service, said regarding his future position after the failure of the company law amendment, "I conveyed my stance to the chairman of the Financial Services Commission." He indicated that he communicated his intention to resign to Kim Byeong-hwan, the chairman of the Financial Services Commission, who is his superior according to the organizational chart, but since the resignation was not accepted, it seems that his future schedule will proceed as planned.

On the same day, Lee appeared on 'CBS Kim Hyun-jung’s News Show' and stated, "Since the chairman of the Financial Supervisory Service has the authority to recommend, I contacted the Financial Services Commission recently to express my position regarding my resignation. However, whether the discussions took place, both Vice Prime Minister Choi Sang-mok and Bank of Korea Governor Lee Chang-yong also reached out to me, saying, 'The market situation is difficult, and we should not act rashly.'" This is interpreted as indicating that the heads of the economic and financial authorities discouraged his resignation.

Lee noted, "Tonight, the announcement of the U.S. mutual tariff will come out, and tomorrow we will see at the macroeconomic and financial issues meeting." He added, "Given the Constitutional Court's ruling on President Yoon Suk-yeol's impeachment on the 4th, it will also be hard to ignore the possibility of the president's return, so it would be most prudent for the appointing authority to present the resignation to the president."

Lee remarked regarding the previous day's veto by Acting President Han Duck-soo of the company law amendment, "If President Yoon Suk-yeol had been in office, he would not have exercised the veto," and stated, "Protecting shareholder value and advancing the capital market were strongly pursued by the president." He further added, "Until the second half of last year, the Ministry of Justice also expressed the opinion that if the company law amendment passed the National Assembly, it would be difficult for the president to veto it."