South Korea's Financial Supervisory Services chief resigns

The offer from Choe Heung-sik (pic) to resign as head of South Korea's Financial Supervisory Services is accepted March`14, 2018. — YouTube image
The offer from Choe Heung-sik (pic) to resign as head of South Korea's Financial Supervisory Services is accepted March`14, 2018. — YouTube image

SEOUL, March 14 — South Korean President Moon Jae-in has accepted the resignation of the chief of the country's financial watchdog, a spokesman for the presidential Blue House said today.

Choe Heung-sik, head of the Financial Supervisory Services (FSS) since September, offered to step down from his position on Monday after he was alleged to have been involved in irregular hiring practices when he was president of a commercial bank.

Choe has denied any wrongdoing. — Reuters

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