The Bank of Korea announced on October 26 that Choi Chang-ho, head of the Monetary Policy Department, has been appointed as the new deputy governor.
Bank Governor Shin Hyun-song appointed Choi to oversee monetary policy and market affairs, with his term starting on October 27 and lasting until October 26, 2029.
Choi, a graduate of Seoul National University with a degree in economics, joined the Bank of Korea in 1998. He has worked in various departments, including the Financial Markets Division, Economic Statistics Division, and Research Division. The Bank described him as a leading macroeconomic expert, having served as the head of the Research Division before becoming the head of the Monetary Policy Department.
The Bank stated, "Deputy Governor Choi possesses extensive experience and knowledge in monetary and credit policy, as well as in the overall real and financial economy. He is expected to effectively assist the governor in enhancing the effectiveness of monetary and credit policy and implementing timely and effective policies amid uncertainties in domestic and international financial and economic conditions."
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.