South Korea's top financial policymaker, the Financial Services Commission (FSC), will relocate from Seoul to Sejong City in the second half of 2027. The move is part of the government's decentralization plan, despite industry concerns that it could weaken regulation and lead to a brain drain. The FSC was not included in the first list of central government agencies slated for relocation, announced last month, but was added to the second list released on Tuesday.