Minor party calls for parliamentary, prosecutorial probe into FSS chief

SEOUL, The minor Bareunmirae Party called Tuesday for parliamentary and prosecutorial probes into Financial Supervisory Service (FSS) chief Kim Ki-sik under fire for his overseas trips sponsored by financial institutions while he was a lawmaker.

The opposition party claimed that the act of having the institutions cover his travel expenses could constitute bribery, while warning it could also consider seeking an independent counsel probe into his case "if necessary."

Kim has been criticized for the trips paid for by the Korea Exchange, the Korea Institute for International Economic Policy and Woori Bank in 2014 and 2015, when he was a member of the parliamentary financial committee. The institutions were subject to the panel's oversight.

Kim has apologized for the controversy but denied that the institutions in question had received any preferential treatment in return for the trips. The presidential office Cheong Wa Dae has rejected growing calls to dismiss him, saying the trips were "legitimate."

"There must be a parliamentary probe into why Cheong Wa Dae is defending him and for what reason it has appointed him," Park Joo-sun, a co-chair of the party, said during a general meeting of party lawmakers.

Source: Yonhap News Agency

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