Lee Ju-yeol Recommends Professor Park Ki-young, Former BOK Official, as New Monetary Policy Committee Member (Comprehensive)

"Plan to Appoint After Following Prescribed Procedures"

[Asia Economy Reporters Eunbyeol Kim and Sehee Jang] The Bank of Korea announced on the 29th that it has recommended Professor Park Ki-young of Yonsei University as the successor to former Monetary Policy Committee member Ko Seung-beom. According to Article 13 of the Bank of Korea Act, Governor Lee Ju-yeol recommended him, and Professor Park is scheduled to be appointed after undergoing the prescribed procedures.

Born in 1971, Professor Park is 50 years old and is the youngest Monetary Policy Committee member since Ham Jun-ho, who was appointed on May 13, 2014.

Professor Park earned his bachelor's and master's degrees in economics from Yonsei University and received his Ph.D. in economics from the University of Chicago in the United States.

After joining the Bank of Korea as a staff member in 1999, he served as an advisor for the Bank's foreign currency asset management and as a member of the macroeconomic subcommittee of the National Economic Advisory Council. He is currently a professor in the Department of Economics at Yonsei University.

Meanwhile, a Bank of Korea official evaluated, "Since obtaining his Ph.D. in economics from the University of Chicago in 2006, Professor Park has built an outstanding research record in finance and macroeconomics, specializing in financial markets, international finance, and macroeconomic fields."

He added, "In particular, he has devoted several years to empirical research related to monetary policy and macroeconomic policy, and recently has demonstrated excellent research achievements related to household debt and macroeconomic analysis."

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