South Korea risks accelerating staff exodus from its financial regulator as the government considers moving the agency out of Seoul. An overwhelming majority of surveyed employees say they would consider quitting if the move goes ahead. The government is likely to announce a plan to relocate ministries and public institutions this week, with the Financial Supervisory Service expected to be among the agencies considered for a move to the administrative city of Sejong, according to local media reports.

This potential relocation has raised concerns about retaining experienced personnel in the country's key financial oversight body. The Financial Supervisory Service, which oversees banks, securities firms, and insurance companies, faces significant challenges in maintaining its workforce if relocated from its current Seoul headquarters.