Financial Services Commission Chairman Kim Joo-hyun speaks during a press conference held in Seoul to commemorate his one-year anniversary in office. (FSC)Korea's top financial regulator on Friday sought to reassure depositors in the Korean Federation of Community Credit Cooperatives, the nation's primary mutual financial institution, that the government would ensure the safety of their assets.'I urge people to refrain from withdrawing their deposits from KFCC simply out of concerns, as it can lead to their financial losses,' Financial Services Commission Chairman Kim Joo-hyun said during a press conference held to commemorate his one-year anniversary in office on Friday.

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