Seoul: The nominee for chairman of the Financial Services Commission (FSC) has outlined a strategic vision aimed at leveraging finance to tackle economic challenges. Lee Eog-weon, nominated by President Lee Jae Myung, emphasized the need for a shift towards productive finance, revitalization of financial markets, and effective management of household debt.

According to Yonhap News Agency, Lee made these comments upon arriving at the office of his confirmation hearing preparation team. Highlighting the critical role of finance in current times, Lee stressed the urgency of finance's involvement in overcoming crises and bolstering real economic growth.

Lee stated, "I will speed up efforts not only to shift toward productive finance but to ensure that the people can actually feel the impact of key policy goals, such as strengthening inclusive finance and revitalizing the capital market." He also identified managing household debt and enhancing financial consumer protection as key priorities, promising close collaboration with the Financial Supervisory Service (FSS).

A seasoned economic technocrat, Lee Eog-weon, 57, boasts extensive experience in macroeconomics. His academic journey includes a graduation from Seoul National University (SNU) and a doctoral degree in economics from the University of Missouri Graduate School. Lee's career is marked by significant public service at the finance ministry, focusing on financial and macroeconomic policies. He also served as the first vice minister from 2021 to 2022.

Internationally, Lee gained experience at the Inter-American Investment Corporation (IIC) under the Development Bank of Latin America and as a counselor at the Permanent Mission of Korea to Geneva. Notably, he became the first Korean to chair the World Trade Organization (WTO) Technical Barriers to Trade (TBT) Committee in 2015. Following his public service, Lee contributed as a special professor at SNU.