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

Shin Seonghwan

[Asia Economy Reporter Seo So-jeong] The Korea Federation of Banks (Chairman Kim Kwang-soo) announced on the 26th that it has recommended Professor Shin Sung-hwan of the Department of Business Administration at Hongik University as the successor to Im Ji-won, a member of the Financial Monetary Policy Committee, in accordance with Article 13 of the Bank of Korea Act.

Professor Shin, born in 1963, graduated from Seoul National University with a degree in Economics, earned a Master's degree in Business Administration from the Massachusetts Institute of Technology, and obtained a Ph.D. in Finance from the same institution.

He is a leading financial expert who has researched financial management and international finance for over 20 years at Hongik University. He has served as president of the Korea Finance Association and the Korean Pension Association, director of the Korea Institute of Finance, senior financial officer at the World Bank, member of the Financial Development Committee of the Financial Services Commission, and operating committee member of the Korea Investment Corporation. He also served as an economic transition committee member of President Yoon Suk-yeol’s transition team.

Professor Shin said, "I feel a great sense of responsibility in taking on the role of a Financial Monetary Policy Committee member amid a severe economic situation that requires responding to accumulated private debt and inflation risks," adding, "I will do my best to ensure that our economy overcomes internal and external risk factors and maintains stability."

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