Why Korea’s financial watchdogs want to stay in Seoul

South Korea wants to move another wave of public institutions out of the capital region.

But unions representing financial regulators and policy bodies warn that decentralization could slow crisis response, weaken oversight and drive skilled employees out.

The dispute is intensifying as the government prepares the second phase of its decadeslong effort to spread jobs and economic activity beyond Seoul.

A road map initially expected in September may now come in October or November, as the governm