Segeumwon and Sinbokwi Appoint Lee Jaeyeon, Vice President of Korea Institute of Finance, as New Heads

On the 3rd, Lee Jae-yeon, the newly appointed president of the Korea Inclusive Finance Agency, is delivering an inaugural speech in the large lecture hall on the 11th floor of the Korea Inclusive Finance Agency in Jung-gu, Seoul. Photo by Korea Inclusive Finance Agency.

[Asia Economy Reporter Song Seung-seop] Lee Jae-yeon, Deputy Director of the Korea Institute of Finance, has been appointed as the new head of the Korea Inclusive Finance Agency and the Credit Recovery Committee.

On the 3rd, Lee Jae-yeon, the newly appointed director and chairman, held an inauguration ceremony and stated, "There are concerns about the worsening financial accessibility for low-income people due to the prolonged COVID-19 pandemic," adding, "We must increase financial accessibility for low-income and low-credit financially marginalized groups, expand opportunities for financial use, and help them become self-reliant and recover through strengthening financial capabilities."

Lee Jae-yeon continued, "To establish a sustainable inclusive finance system, we need to review the achievements of inclusive finance over the past five years and advance the support system for inclusive finance," emphasizing, "We must actively explore and develop the role as the comprehensive inclusive finance organization."

He also said, "We must think and act from the perspective of inclusive finance users and always consider new and diverse ways to create a better life for the underprivileged," urging, "Let us build the Korea Inclusive Finance Agency that empathizes with the difficulties and pains of the underprivileged and gifts them dreams for the future."

Director Lee is known as an expert in inclusive finance who has dedicated 23 years to research related to inclusive finance and credit recovery. He has also served as an operating committee member of the Korea Inclusive Finance Agency, a dormant deposit management committee member, and a small loan review committee member of the Credit Recovery Committee.

Lee Jae-yeon earned his bachelor's and master's degrees in economics from Korea University and obtained a Ph.D. in economics from Ohio State University in the United States. Starting as a research fellow at the Korea Institute of Finance in 1998, he has held positions including head of the banking team, director of the Small and Medium Inclusive Finance Center, director of the research coordination office, and deputy director.

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