Ministry of Personnel Management Determines Yoonje Cho, KFTC Member, Has Job-Related Stock Holdings

[Image source=Yonhap News]

[Asia Economy Reporter Jang Sehee] The Ministry of Personnel Management has determined that the stocks held by Cho Yoon-je, a member of the Financial Monetary Policy Committee of the Bank of Korea, are related to his duties. Commissioner Cho must sell stocks exceeding 30 million KRW within one month.

According to the Bank of Korea on the 23rd, the Stock Blind Trust Committee of the Ministry of Personnel Management notified Commissioner Cho on the 22nd of the examination result that his held stocks are related to his duties.

Before assuming his position as a Monetary Policy Committee member, Commissioner Cho held stocks in eight companies. Following the determination of duty-relatedness, Commissioner Cho has already sold stocks in five companies, including financial stocks, but still holds stocks in three non-financial small and medium-sized enterprises.

Meanwhile, according to the Public Officials Ethics Act, those subject to asset disclosure must sell stocks exceeding 30 million KRW within one month or place them in a stock blind trust and report to the registration authority.

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