New governor overhauls South Korea's FSS
The FSS will now operate through nine divisions, each headed by an assistant governor and a deputy governor, overseeing a total of 41 departments and 204 teams. The watchdog also plans to cut its staff by 10% by 2010, and raise the proportion of staff with private-sector experience to 25%.
The supervision and examination departments will be integrated into a single department to reduce overlap and cut compliance costs for financial institutions. Another department will oversee financial holding
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