"Vacant for Over 3 Months" ... National Pension Service Chairman to be Publicly Recruited by the 10th of Next Month

[Asia Economy Reporter Jo In-kyung] The procedure to select a new chairman of the National Pension Service, which has been vacant for over three months, is set to begin.

On the 27th, the National Pension Service announced that it held a board recommendation committee meeting composed of non-executive directors of the Service and external experts from academia and the legal sector, deciding to publicly recruit candidates for the new chairman from the 28th until the 10th of next month.

Applicants for the chairman position must submit related documents such as an application form, self-introduction letter, and job performance plan to the National Pension Service's board recommendation committee within the specified period. The committee will conduct document and interview evaluations of the applicants, recommend 3 to 5 candidates to the Minister of Health and Welfare, who will then propose one candidate to the President for appointment. The President will make the final selection.

The chairman's term is three years, with the possibility of renewal on a one-year basis depending on management performance evaluations.

Since the resignation of former chairman Kim Yong-jin on April 18, the National Pension Service has been operating under acting chairman Park Jeong-bae, the planning director, for over three months.

Within political circles and inside and outside the Service, candidates for the new chairman include former lawmaker and economist Yoon Hee-sook, a former professor at the Korea Development Institute (KDI) Graduate School of International Policy, pension expert Professor Kim Yong-ha of Soonchunhyang University’s IT Financial Management Department, research fellow Yoon Seok-myung of the Korea Institute for Health and Social Affairs, and Lee Dong-geun, vice chairman of the Federation of Korean Industries.

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