Bank of Korea Second Half Personnel Changes... Kim Woong as Director of Research Department, Kim Hyun-ki as Director of International Department

[Image source=Yonhap News]

[Asia Economy Reporter Eunbyeol Kim] The Bank of Korea conducted personnel changes in the second half of 2020, replacing the heads of the Research Department, Financial Markets Department, and International Department. To strengthen the response system against the novel coronavirus infection (COVID-19), the replacement of key department heads was minimized, but positions that were vacant were filled with employees whose practical experience and capabilities were verified.

Kim Woong, former head of the Macroeconomic Modeling Division in the Research Department, was appointed as the new head of the Research Department. After earning a Ph.D. in Economics, Kim has worked as a practical manager, team leader, and director at the Economic Research Institute and the Research Department, handling a wide range of tasks including macroeconomic analysis and model development, price and industry analysis, and economic forecasting, earning recognition as a macroeconomic expert with both theoretical and practical expertise.

Kim Hyun-ki, former head of the Financial Markets Department who swiftly responded to domestic and international financial market instability caused by COVID-19, was appointed as the head of the International Department. While serving as head of the Financial Markets Department, Kim was credited with contributing to financial market stability through policies such as full allotment repurchase agreement (RP) purchases. A Bank of Korea official stated, "Based on Kim’s market analysis skills and response experience, it is expected that he will demonstrate his capabilities in stabilizing the foreign exchange market and understanding international financial market issues as the head of the International Department."

The Financial Markets Department will be led by Kim In-gu, former Personnel Operations Officer. He is a financial market expert with experience in the Financial Markets Department, having gained practical experience by handling various tasks such as open market operations and financial market analysis.

The Bank of Korea stated, "Promotions were decided through the Management Personnel Committee, composed of executive officials including the Deputy Governor, selecting employees who demonstrated outstanding job performance, high contribution to the organization, and managerial qualities."

A total of 69 employees were promoted in this personnel change: 5 at Grade 1, 13 at Grade 2, 24 at Grade 3, and 27 at Grade 4. Among them, 17 were women (2 at Grade 2, 5 at Grade 3, and 10 at Grade 4), marking the highest proportion of women (25%) to date.

Meanwhile, Park Young-chul, Public Relations Officer, was promoted to G1 (Grade 1) reflecting his excellent job performance and evaluation.

This content was produced with the assistance of AI translation services.