Yoo Jung-yeol, New KOTRA President, Officially Begins Term on the 20th

Yu Jeong-yeol, former Blue House Secretary for Industrial Policy, appointed as the new president of KOTRA (Korea Trade-Investment Promotion Agency)
[Photo by Blue House]

[Asia Economy Reporter Kim Heung-soon] Yoo Jung-yeol, former Blue House Industrial Policy Secretary, who has been appointed as the new president of KOTRA, will officially begin his term on the 20th.

According to KOTRA on the 19th, Yoo will start his three-year term through an inauguration ceremony held the following morning. The previous president, Kwon Pyung-oh, completed his three-year term and retired on the 17th.

Yoo graduated from Seoul National University with a degree in Aerospace Engineering and earned his master's and doctoral degrees in the same field from the same university. He entered public service in 1995 through the 18th recruitment of Grade 5 career officials at the Ministry of Commerce, Industry and Energy.

In public service, he served as Director of the Software Policy Division at the Ministry of Knowledge Economy in 2009, worked at the Presidential Office's Economic Secretary's Office in 2010, was Director General of Policy Coordination at the Regional Development Committee in 2013, Minister-Counselor at the Embassy of the Republic of Korea in Japan in 2015, and Director of the Materials and Components Industry Policy Division at the Ministry of Trade, Industry and Energy. After serving as Deputy Administrator of the Defense Acquisition Program Administration in 2017, he oversaw industrial policy as Director General of Industrial Innovation Growth and Industrial Policy at the Ministry of Trade, Industry and Energy from 2018.

In July 2019, when Japan imposed export restrictions on South Korea, he led on-site policies to foster the domestic materials, components, and equipment sectors.

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