Chief Financial Supervisor Lee Chan-jin Invests in ETFs After Selling Apartment
Chief Financial Supervisor Lee Chan-jin of the Financial Supervision Service has demonstrated a shift towards the capital market by investing in Exchange Traded Funds (ETFs) after selling an apartment in Seocho-gu, Seoul. Facing controversy over multi-home ownership, he adjusted the price to facilitate the sale. With part of the proceeds, around 200 million KRW, he invested in ETFs tracking the KOSPI 200 and KOSDAQ 150 indices, marking this as a move to enhance consumer protection through firsthand experience with financial products.
Lee visited KB Securities to directly experience the investment process, simultaneously signaling intentions to boost the domestic stock and capital market. This aligns with the government's policy of 'productive finance', promoting the shift of funds from real estate to the capital market. The swift sale, completed within half a day, underscores his decisive approach.
Overall, Lee's investment actions reflect an intent to contribute to the development of a sound financial market, utilizing his position as a leading financial supervisor. He aims to increase trust in the capital market and encourage financial consumers to shift their assets, setting an example that aligns with national economic strategies.
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