South Korea's Financial Supervisory Service replaces director of virtual asset investigation bureau, possibly involving "bullying" incident

Recently, it was reported that the Financial Services Commission of South Korea suddenly replaced the director of the Virtual Asset Investigation Bureau, which may involve a workplace "bullying incident". According to financial authorities and financial industry insiders on the 25th, Lee Bok-hyun, director of the Financial Supervisory Service, dismissed Moon Jeong-ho (sound), director of the Virtual Asset Investigation Bureau, in the middle of this month, and Jeon Hong-jun (sound), who was sent to the local government as a financial cooperation officer, was appointed as his successor. It has been confirmed that this is a measure taken due to the intensification of the conflict between Moon Jeong-ho and employees. It is reported that he and the head of Group A of the Virtual Asset Investigation Bureau often have conflicts of opinion, and it is said that there was a fierce quarrel two months ago. Subsequently, Moon Jeong-ho bypassed Group A and gave orders directly to the investigators, and Group A finally formally raised the issue during the development of the situation. An official from the Financial Supervisory Service said: "It is difficult to say that it is bullying, but there is indeed a conflict, so we first separated them according to the personnel order." Moon Jeong-ho has not been transferred since he left office, and according to the results of the investigation, he may be subject to disciplinary sanctions in the future. (Biz)