Former Blue House Chief of Economic Staff Criticizes IBK President, Saying "I Do Not Know the Personnel Process Exactly..."

Yoon Jong-won, the newly appointed president of IBK Industrial Bank, was blocked by union members opposing his appointment as he tried to go to the bank's headquarters in Jung-gu, Seoul, on the 3rd. President Yoon was unable to enter due to the union members' protest against what they called a "parachute appointment" and had to turn back. Photo by Kim Hyun-min kimhyun81@

Yoon Jong-won, the newly appointed president of IBK Industrial Bank, was blocked by union members opposing his appointment as he tried to go to the bank's headquarters in Jung-gu, Seoul, on the 3rd. President Yoon was unable to enter due to the union members' protest against what they called a "parachute appointment" and had to turn back. Photo by Kim Hyun-min kimhyun81@

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[Asia Economy Reporter Ryu Jeong-min] The Blue House has rebutted the controversy surrounding Yoon Jong-won, the newly appointed president of IBK Industrial Bank of Korea and former Blue House Chief of Economic Staff.


On the 3rd, a Blue House official told reporters, "I do not know the details of the personnel process. However, those who worked together at the Blue House are fundamentally the ones who best understand our government's national policy philosophy."


This has been interpreted as the Blue House indirectly supporting Yoon's expertise amid the controversy.



Meanwhile, the IBK Industrial Bank labor union blocked Yoon's arrival at work that morning.


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