Bank of Korea appoints 'International Expert' Lee Seung-heon as new Deputy Governor (Update)

[Asia Economy Reporter Eunbyeol Kim] The Bank of Korea announced on the 20th that Lee Seungheon, Deputy Governor, has been appointed as the successor to Deputy Governor Yoon Myeonsik, whose term expires.

The Deputy Governor of the Bank of Korea is a position recommended by the Governor and appointed by the President. The term of the new Deputy Governor begins on the 21st and lasts until August 20, 2023.

Since joining the Bank of Korea in 1991, the new Deputy Governor has gained extensive experience in monetary policy and international financial markets by working in various policy-related departments such as the Financial Markets Department, Policy Planning Department, and International Department.

In particular, from June 2017 to June 2019, while serving as Director of the International Department, he contributed to stabilizing the foreign exchange market and alleviating market anxiety amid frequently increasing domestic and international uncertainties.

After being promoted to Deputy Governor in June last year, he has been responsible for planning, human resources management, public relations, and information technology, overseeing overall internal management and organizational development strategies. Since his promotion, he has demonstrated his capabilities in handling important management issues such as establishing the Bank of Korea's mid- to long-term development strategy 'BOK 2030,' building the next-generation Bank of Korea financial network, and constructing the integrated annex building. In particular, he contributed to the stable operation of the organization by leading the COVID-19 emergency response team after the outbreak of COVID-19.

Furthermore, having gained international insight through assignments such as working at the International Monetary Fund (IMF) Executive Director's office, he is expected to play a role in representing Korea's position and enhancing its status in the international financial community, according to the Bank of Korea.

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