SEOUL, October 26 (AJP) — Bank of Korea (BOK) Governor Shin Hyun-song appointed Monetary Policy Department chief Choi Chang-ho as deputy governor for monetary policy and markets Monday, triggering a reshuffle of three senior department heads.
Choi's three-year term runs from Oct. 27, 2026, through Oct. 26, 2029.
Choi, 54, joined the BOK in 1998 and has spent much of his career in policy departments including the Research Department and Financial Markets Department.
He headed the Research Department from March 2023 before taking over the Monetary Policy Department in February 2024.
During those posts, Choi worked on economic forecasting, monetary policy analysis and communications, as well as an emergency liquidity framework allowing loans to be secured by loan receivables.
He graduated from Seoul National University with a degree in economics in 1998 and received a doctorate in economics from the University of California, Davis, in 2011.
The central bank also announced follow-up appointments resulting from Choi's promotion.
Hongki Bang, previously head of the International Affairs Department, was named head of the Monetary Policy Department.
Bang has worked in the Monetary Policy and Research departments and most recently handled cooperation with overseas central banks and discussions on global monetary policy issues.
Kang Nam-i, previously head of the Office of Bank Examination, will lead the International Affairs Department. She has extensive experience in international cooperation and reserve management.
Na Seung-ho, formerly deputy head of the Economic Research Institute, was named head of the Office of Bank Examination.
Na has worked in the Research and Financial Markets departments and the Economic Research Institute. He previously headed the Office of Sustainable Growth, where his work included research on green finance and climate-related stress tests of financial institutions.
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