The Financial Supervisory Service (FSS) is usually not the most visible part of the South Korean government. As the country’s main inspector of financial institutions, it appears in the news usually for two reasons: Either the market is in serious trouble, or the office itself is suspected of corruption due to cozy ties to the very industries that it is supposed to regulate.
I am from South Korea, but I make it a point not to write or speak in Korean about this country. That my Korean language skills have ossified from disuse is only one reason; it is more that my brushes with South Korean media are rarely uplifting. A case in
Choi Soon-sil scandal grows A smoldering political scandal surrounding Park Geun-hye turned into wildfire this week and is quickly engulfing Park’s presidency. Her approval ratings are in free-fall, her own party has turned on her, newspapers across the political spectrum are calling for her and her entire cabinet to
