New Shinbok Committee Chairperson Lee Jae-yeon, Deputy Director of the Korea Institute of Finance

[Asia Economy Reporter Jin-ho Kim] On the 29th, Seung-beom Go, Chairman of the Financial Services Commission, nominated Jae-yeon Lee, Vice President of the Korea Institute of Finance, as the new Chairman of the Credit Recovery Committee. The Chairman of the Credit Recovery Committee is appointed by the President upon the recommendation of the Financial Services Commission Chairman.

The nominee, born in 1960, graduated from Baemoon High School and earned a bachelor's degree in Economics from Korea University, followed by a master's degree from the same university and a Ph.D. in Economics from Ohio State University in the United States. Since 1998, he has worked at the Korea Institute of Finance for 23 years, holding numerous research achievements related to microfinance and credit recovery.

Additionally, the Financial Services Commission explained that he has rich practical experience and expertise, having served as an operating committee member of the Microfinance Promotion Agency, a dormant deposit management committee member, a small loan review committee member of the Credit Recovery Committee, and a director of the Long-term Small Debt Delinquent Support Foundation.

The Financial Services Commission stated the reason for the nomination as follows: "Based on his long-standing academic knowledge and practical experience, he is deemed the right person to carry out inclusive finance that can promptly and effectively support financially marginalized groups during the prolonged difficulties caused by COVID-19."

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