Lee Myung-ho, New CEO of Korea Securities Depository, Starts Work on the 4th "Committed to Revitalizing the Electronic Securities System"

[Asia Economy Reporter Oh Ju-yeon] Lee Myung-ho, the new president of the Korea Securities Depository, officially began his duties on the 4th. The controversy over the 'parachute appointment' that had caused conflict with the labor union has been settled for now.

Although the inauguration ceremony was not held due to the novel coronavirus (Wuhan pneumonia) issue, President Lee emphasized in his inaugural speech that "the enforcement of the Electronic Securities Act has created conditions for the Korea Securities Depository to transition into a 'market-oriented company based on a licensing system,'" and stated, "I will do my best to gain the support and encouragement of the market and customers so that the Korea Securities Depository can successfully transition into a market-oriented company."

The day before, he held an open forum with employees to directly hear the voices of executives and staff on major issues, thereby forming internal consensus.

President Lee said, "I will establish a sound labor-management relationship based on mutual respect and trust with the labor union."

Born in 1963 in Geochang, Gyeongnam, President Lee graduated from Geochang Daeseong High School, Seoul National University Law School, and Columbia University Law School (LLM). He began his public service career as the 33rd pass of the Korean Civil Service Examination and served as Director of Asset Management, Director of Securities Supervision, Director of Capital Markets, and Director of Structural Improvement Policy at the Financial Services Commission. Afterwards, he served as Minister and Consul General at the Embassy of the Republic of Korea in Indonesia, and as Senior Specialist of the Policy Committee (Finance sector) of the Democratic Party of Korea.

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