Donggeol Lee, Chairman of KDB, '3 More Years'... Reappointed Leader After 26 Years

[Asia Economy Reporter Kangwook Cho] Lee Dong-geol, President of the Korea Development Bank, has been reappointed.

The Korea Development Bank announced, "President Lee Dong-geol is scheduled to be reappointed as the 39th President of the Korea Development Bank for a three-year term starting from the 11th."

According to the Korea Development Bank Act, the president of the bank is appointed by the President of the Republic of Korea upon the recommendation of the Financial Services Commission Chairman.

President Lee's reappointment is analyzed to be due to the importance of the bank's role in supporting corporate liquidity amid the ongoing COVID-19 pandemic and the need to maintain continuity in corporate restructuring efforts.

This is the first time in 26 years that the head of the bank has been reappointed, and President Lee has become the fourth CEO to be reappointed. In the bank's history, there were reappointments once each in the 1950s (Koo Yong-seo, the first governor) and the 1970s (Kim Won-ki, governor), and Lee Hyung-gu (25th-26th governor) was reappointed from 1990 to 1994.

Born in 1953, President Lee graduated from Seoul National University with a degree in Economics and earned a Ph.D. in Economics from Yale University. He has worked at the Presidential Economic Secretariat, the Policy Planning Secretariat, and the Korea Development Institute (KDI), and has served as Vice Chairman of the Financial Supervisory Commission and President of the Korea Institute of Finance.

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