Korea confirms FSC relocation to Sejong in 2027

What happened: South Korea confirmed the Financial Services Commission will move from Seoul to Sejong in the second half of 2027, along with its Korea Financial Intelligence Unit. Key numbers: FSC workforce 340; KFIU 80 employees; relocation in H2 2027; FSS union survey of 1,538 members found 69.7 Why it matters: The move puts financial policymaking closer to economic ministries in Sejong, but industry unions warn it could slow crisis response, raise operating costs and accelerate departures of experienced staff. It may also revive debate over relocating other financial institutions.

South Korea confirmed the Financial Services Commission will move from Seoul to Sejong in the second half of 2027, along with its Korea Financial Intelligence Unit.

The move puts financial policymaking closer to economic ministries in Sejong, but industry unions warn it could slow crisis response, raise operating costs and accelerate departures of experienced staff. It may also revive debate over relocating other financial institutions.