Bank of Korea 2020 Second Half Personnel Changes... Director of Research Bureau Kim Woong & Director of International Bureau Kim Hyun-ki (Comprehensive)

25% of Promoted Employees Are Women, the Highest Ever

[Image source=Yonhap News]

[Asia Economy Reporter Eunbyeol Kim] The Bank of Korea conducted its second half of 2020 personnel reshuffle, replacing the heads of the Research Department, Financial Markets Department, and International Department. To strengthen the response system against the novel coronavirus disease (COVID-19), major department head replacements were 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 of the Research Department, was appointed as the new head of the Research Department. Director Kim earned a Ph.D. in Economics from Texas A&M University in the United States and has worked as a practical manager, team leader, and department head at the Economic Research Institute and Research Department, handling a wide range of tasks including macroeconomic analysis and model development, price and industry analysis, and economic forecasting. He is regarded as a macroeconomic expert who combines theory and practice.

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 is 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 identifying international financial market issues as the head of the International Department."

Kim In-gu, former Personnel Operations Officer, will take charge as the head of the Financial Markets Department. He is a financial market expert with experience accumulated in the Financial Markets Department, handling various tasks such as open market operations and financial market analysis. He is expected to perform policy response roles stably as well as analyze financial market issues.

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

Meanwhile, Park Young-chul, Public Relations Officer, was promoted to G1 (Grade 1) reflecting his excellent job performance and evaluation. Park is the first public relations expert hired externally by the Bank of Korea.

Jang Jung-soo, Policy Advisor; Jung Sung-ho, Head of Digital Innovation Office; Min Jun-gyu, Head of Legal and Regulatory Affairs Office; and Na Seung-geun, Head of Treasury Bonds Office were appointed as department heads at Grade 2.

Lee Sang-yeop, Head of Daegu-Gyeongbuk Regional Headquarters; Kim Yoon-ki, Head of Gwangju-Jeonnam Regional Headquarters; Seo Won-seok, Head of Chungbuk Regional Headquarters; Seo Myung-guk, Head of Incheon Regional Headquarters; Kim Hyun-jung, Head of Gangnam Regional Headquarters; and Kim Hyung-sik, Resident Officer in Shanghai also took new positions.

A total of 69 employees were promoted in this personnel reshuffle: 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 promoted to date (25%). Female promotees include two at Grade 2?Ryu Hyun-joo, Head of the Micro-Institutional Research Division at the Economic Research Institute, and Park Jin-soon, Team Leader of Payment Operations at the Financial Settlement Department?five at Grade 3, and ten at Grade 4, totaling 17 women promoted.

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