Kim So-young, Vice Chair of the Financial Services Commission. /Courtesy of News1

Kim So-young, the Commissioner of the Financial Services Commission, will complete her three-year term and step down from her position on the 16th. During her term, she highlighted policies she was fond of, such as the youth leap account and the capital market advancement.

On that day, Kim met with reporters and noted, "I recall the time spent considering policies over the past three years," adding, "Personally, I have many projects that I am attached to." She evaluated, "The youth leap account is a significant policy that has continued since the presidential campaign, and capital market advancement has been implemented over these three years with notable achievements."

She further added regarding virtual assets, "When I first took office, virtual assets were not being managed properly; however, institutionalization has been achieved in many aspects, and I believe the second phase of the virtual assets bill will be released soon." Additionally, Kim stated that she made great efforts in promoting the banking task force (TF) and the insurance reform council.

Kim, a former professor at Seoul National University’s Department of Economics, participated as a member of the Economic Committee of the Presidential Transition Committee for the 20th President in 2022. Subsequently, she took office as the Commissioner of the Financial Services Commission on May 17, 2022, shortly after the launch of the Yoon Suk-yeol administration. Kim holds the title of the first Commissioner in the history of the Financial Services Commission to complete a full three-year term. The previous longest-serving term was 2 years and 10 months held by former Commissioner Jeong Chan-woo during the Park Geun-hye administration.

Following her resignation, Kim will return to Seoul National University. She plans to express her views on economic issues as a professor in the future. Kim said, "I will provide various opinions on various issues as I did before coming to the Financial Services Commission."