The Bank of Korea announced on June 5 that it has appointed Lee Ji-ho, head of the Research Department, and Kim Je-hyun, head of the Human Resources Management Department, as new deputy governors.
Governor Shin Hyun-song appointed Lee as the deputy governor in charge of research and statistics, and Kim as the deputy governor responsible for management.
Lee, a graduate of Seoul National University with a degree in economics, joined the Bank of Korea in 1997 and has worked in various departments, including the Financial Markets Division, Monetary Policy Division, and Research Department. He also served as the Director of the Ministry of Economy and Finance's Livelihood Economy Policy Office.
The Bank of Korea praised Lee for enhancing economic forecasts by breaking down growth and inflation trends into quarterly reports since taking over as head of the Research Department, thereby improving the transparency and effectiveness of monetary policy.
The bank stated, "We believe he will effectively oversee research on key domestic and international economic issues and long-term challenges in response to changing external conditions as the deputy governor in charge of research and statistics."
Kim, also a graduate of Seoul National University, joined the Bank in 1996 and has held various positions, including in the Financial Markets Division, Monetary Policy Division, Human Resources Management Division, and Communications Division. He has served as a policy advisor, chief of staff, and head of the Communications Division.
The bank commended Kim for his extensive practical experience and exceptional work capabilities, noting his successful establishment of stable and adaptable personnel systems during recent organizational restructuring and new project initiatives.
The bank added, "Based on his deep understanding of the organization, excellent situational judgment, communication skills, and experience assisting the governor, we expect him to perform the role of deputy governor in charge of management effectively."
This appointment marks the first executive changes under Governor Shin. It fills the vacancies left by the retirement of former deputy governors Kim Woong and Chae Byeong-deok, whose terms expired. Their terms will last until June 4, 2029.
* This article has been translated by AI.
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