The Financial Supervisory Service’s labor union (hereinafter referred to as the Financial Supervisory Service’s union) withdrew from the National Office and Financial Services Union of the KCTU.
According to the financial industry on the 18th, the FSS union held a delegate meeting on the 15th and decided to withdraw from the office finance union of the KCTU, a higher-level organization, and completed the report as an individual union.
It is the first time in about eight years since the FSS union withdrew from the KCTU in 2014.
The office finance union of the KCTU is affiliated with industries such as Yeosu Credit, Insurance, Securities, and Savings Bank.
The Financial Supervisory Service, which has to manage and supervise these financial companies, is said to have decided to withdraw from the company in order to secure independence because there is a risk of a conflict of interest with the audited institution.
Oh Chang-hwa, chairman of the FSS union union leader, said, “I have been thinking about leaving the Confederation of Trade Unions (KCTU) for a long time.
The FSS union is not considering joining other higher-level organizations and plans to work as an individual union.
Earlier, in 2020, the union of the Bank of Korea also withdrew from the KCTU saying “the direction did not match with the upper-level organization”.
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