[Profile] Go Seung-beom, Reappointed Member of the Bank of Korea Monetary Policy Committee

[Asia Economy Reporter Kim Eun-byeol] Four new candidates for the Financial Monetary Policy Committee (FOMC) of the Bank of Korea, which will lead the rapidly changing economy due to the novel coronavirus infection (COVID-19), have been announced.

On the 16th, the Bank of Korea announced that former Ambassador to the United States Cho Yoon-je, Seo Young-kyung, Director of the Korea Chamber of Commerce and Industry's Sustainability Growth Initiative (SGI), and Professor Joo Sang-young of Konkuk University's Department of Economics were recommended as new members. Current FOMC member Ko Seung-beom was recommended for reappointment. The Bank of Korea's FOMC, which decides the base interest rate, consists of seven members, and the terms of four members will expire on the 20th.

Member Ko will be the first in the Bank of Korea to be reappointed to the committee. The Bank of Korea stated, "There were many concerns that replacing the majority of the FOMC members at once could undermine the continuity of monetary policy, and especially at a time when the FOMC is preparing various policies to overcome COVID-19, continuity of policy is crucial," as the reason for the reappointment.

Below is the profile of member Ko, who was nominated as a candidate for the FOMC by the Bank of Korea.

▲ Seoul National University, Department of Economics

▲ Ph.D. in Economics, American University Graduate School, USA

▲ Passed the 28th Administrative Examination

▲ Director of Bank Supervision Division, Director of Supervision Policy Division, Director of Planning and Administration Office at the Financial Supervisory Commission

▲ Director of Financial Services Bureau, Director of Financial Policy Bureau, Secretary-General, and Standing Member at the Financial Services Commission

▲ Member of the Financial Monetary Policy Committee, Bank of Korea

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