The prospect of relocating the Financial Supervisory Service (FSS) outside Seoul is raising fears that it could accelerate an exodus of staff that is already well underway, according to industry officials Sunday. The FSS is among the financial institutions being considered for relocation to Sejong, Korea’s administrative capital, as part of President Lee Jae Myung’s broader push to move government agencies out of the Seoul area and ease the country’s heavy concentration around the capital. The Cabinet is expected to begin deliberations as early as next week on the relocation drive. FSS data show that 481 employees left the watchdog between 2022 and July 2026, with more than 100 departing each year. So far this year, 54 employees have already left. Younger staff have accounted for a growing share of departures, with employees in their 20s, 30s and 40s accounting for 180, or 37.4 percent, of the total. They made up half of those who left this year. Amid the ongoing staff exodus, the prospect of relocation has heightened concerns that the FSS could lose even more experienced professio