Shin Je - yoon , chairman of the Financial Services Commission , said “ I will make sure Tong Yang Group ’ s majority shareholders take responsibility for the recent turmoil of the group . ” “ The consistent principle underlying corporate restructuring has been that majority stakeholders take responsibility and protect innocent victims , ” chairman Shin told reporters of Maeil Business Newspaper Thursday . The chief of the regulator added “ I am also willing to meet with individual investors who bought commercial paper issued by Tong Yang Group ’ s subsidiaries . ” His comment refers to the nationwide defaults on credit card payments in 2004 and the debacle regarding the LIG Group ’ s commercial paper , in which majority stakeholders were held accountable . As for some other cash - strapped conglomerates , chairman Shin said “ the government executes restructuring in accordance with capitalism and rule of law . ” Therefore , “ the government cannot determine either to stifle or keep a company that still runs a business beforehand . ” He said “ corporate restructuring is entirely left to the hands of the market and creditors , ” and in this regard , “ Tong Yang Group ’ s fate has been determined by the market . ” Prior to his comment , chairman Shin and Choi Soo - hyun , governor of the Financial Supervisory Service ( FSS ) , discussed measures to deal with the embattled Tong Yang Group with Chung Hong - won , prime minister , and Hyun Oh - seok , deputy prime minister and finance minister Tuesday following a meeting of cabinet members . The FSS has decided to thoroughly examine Hyun Jae - hyun , chairman of Tong Yang Group , and his family regarding the insolvency of the Group ’ s affiliates , and track down his hidden assets , with the help of the investigative authorities when needed . [ 매일경제 모바일 서비스 | 페이스북 ] [ 매일 경제 구독 신청 ] [ 오늘 의 매일 경제 ] [ ⓒ Maeil Business Newspaper & mk . co . kr , All rights reserved ]