Korea Federation of Banks Recommends Professor Shin Sung-hwan of Hongik University as BOK Monetary Policy Committee Member

Activities of the Economic Subcommittee 1 Members of the Transition Committee

[Asia Economy Reporter Yu Je-hoon] The Korea Federation of Banks announced on the 26th that it has recommended Professor Shin Sung-hwan of the Department of Economics at Hongik University as the successor to Lim Ji-won, a member of the Monetary Policy Committee of the Bank of Korea, in accordance with Article 13 of the Bank of Korea Act.

Professor Shin, a graduate of Seoul National University and the Massachusetts Institute of Technology, has conducted research in financial management and international finance at Hongik University for over 20 years. He has served as the president of the Korea Institute of Finance, senior financial officer at the World Bank, member of the Financial Development Council of the Financial Services Commission, and operating committee member of the Korea Investment Corporation. He also worked as an economic division member of the Presidential Transition Committee of the current government.

The Korea Federation of Banks explained the reason for the recommendation, stating, "He has a high level of understanding of the overall financial market as a former president of both the Korean Finance Association and the Korean Pension Association."

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