Munsungyu, CEO of KAMCO, Announces Resignation to FSC...Jeju Branch Candidacy Rumors Stir

Moon Sung-yoo, President of KAMCO

[Asia Economy Reporter Song Seung-seop] It has been confirmed that Moon Sung-yu, President of the Korea Asset Management Corporation (KAMCO), has tendered his resignation to the Financial Services Commission.

According to the financial sector on the 29th, President Moon informed the Financial Services Commission of his intention to step down next month for personal reasons.

President Moon took office in December 2019. The term of the KAMCO president is three years, so about one year remains until the end of his term next year.

There are also speculations that President Moon, who is from Jeju-do, may be considering running in the local elections in June next year. He has been mentioned as a candidate for Governor of Jeju.

If President Moon resigns, KAMCO plans to form an Executive Candidate Recommendation Committee to begin the process of selecting his successor.

Meanwhile, President Moon is a former bureaucrat who graduated from Jeju Seo High School, Jeju Jeil Middle School, Oh Hyun High School, and Yonsei University with a degree in Economics, and passed the 33rd Administrative Examination. He has served in the Ministry of Strategy and Finance handling budget affairs, as head of the National Balanced Development Planning Division of the National Balanced Development Committee, and as Director of Planning and Coordination at the Ministry of Strategy and Finance.

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