KDI New President Hong Jang-pyo... Architect of 'Income-led Growth'

Hong Jang-pyo, Chair of the Special Committee on Income-Led Growth, is speaking at the joint forum of the Special Committee on Income-Led Growth and the Korea Institute for Health and Social Affairs held on the 22nd at the Seoul Global Center International Conference Hall, on the topic of the achievements and challenges of income-led growth as seen through household income and consumption capacity. Photo by Moon Ho-nam munonam@

[Sejong=Asia Economy Reporter Kim Hyunjung] Hong Jang-pyo, a professor in the Department of Economics at Pukyong National University, has been appointed as the new head of the national think tank, Korea Development Institute (KDI). The new president, Hong, previously served as the first Blue House Chief Economic Secretary under the Moon Jae-in administration and chaired the Special Committee on Income-led Growth.

On the 27th, the Economic and Humanities Research Council under the Prime Minister held the 303rd extraordinary board meeting and announced the appointment of Professor Hong as the 16th president of KDI. The term of the new president is three years.

Born in 1960, Professor Hong was born in Daegu and graduated from Dalseong High School. He earned his bachelor's, master's, and doctoral degrees in economics from Seoul National University. He served as a presidential advisory policy planning committee member from 2003 to 2004 and was president of the Korean Economic Development Association from 2014 to 2015. Since 2011, he has been a professor in the Department of Economics at Pukyong National University and has served as dean of the College of Humanities and Social Sciences.

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