A Small Scandal, A Big Blow to Moon Jae-in's Credibility

The Financial Supervisory Service [http://www.fss.or.kr/fss/kr/main.html] (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. This past week the FSS has been dominating news in South Korea for a slightly dif