New Chairman of Korea Development Bank Appointed: Former Economic Secretary Kang Seok-hoon

Assemblyman Kang Seok-hoon

[Asia Economy Reporter Song Hwajeong] Kang Seok-hoon, professor of economics at Sungshin Women's University (former senior secretary for economic affairs at the Presidential Office), has been appointed as the new chairman of the Korea Development Bank.

On the 7th, Ko Seung-beom, chairman of the Financial Services Commission, recommended Kang Seok-hoon, professor of economics at Sungshin Women's University, as the new chairman of the Korea Development Bank.

The chairman of the Korea Development Bank is appointed by the president upon the recommendation of the chairman of the Financial Services Commission.

Kang, the appointee, served as a member of the 19th National Assembly and senior secretary for economic affairs at the Presidential Office. He is currently a professor of economics at Sungshin Women's University, nurturing future scholars, and is regarded as a policy finance expert who has long studied international financial environment analysis and financial and economic policies.

The Financial Services Commission explained, "Based on his experience striving to redefine the role of policy finance and improve its efficiency since his tenure as a member of the National Assembly, Kang is evaluated as the right person to successfully lead the Korea Development Bank’s key tasks, such as smoothly promoting corporate restructuring and providing financial support for the private sector’s dynamic innovative growth. Therefore, he was recommended as the new chairman of the Korea Development Bank."

◇Education

1982. Seorabeol High School

1986. Seoul National University, Department of Economics

1991. Ph.D. in Economics, University of Wisconsin-Madison, USA

◇Career

1998?1999. HRD Subcommittee Member, Pacific Economic Cooperation Council (PECC)

1997?Present. Professor, Department of Economics, Sungshin Women's University

1999. Visiting Researcher, Bank of Korea

2002. Public Enterprise Evaluation Committee Member, Ministry of Planning and Budget

2003. Fund Evaluation Committee Member, Ministry of Planning and Budget

2012?2016. Member of the 19th National Assembly (Seocho-gu B, Seoul)

2013. Member, National Planning and Coordination Subcommittee, 18th Presidential Transition Committee

2014. Vice Chairman, Policy Committee, Saenuri Party

2014?2016. Ruling Party Secretary, National Assembly Planning and Finance Committee

2015. Ruling Party Secretary, Special Committee on Strengthening Public Pensions and Alleviating Elderly Poverty, National Assembly

2016?2017. Senior Secretary for Economic Affairs, Presidential Office

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