First Address by Lee Chang-yong, Governor of the Bank of Korea... Advancement of Female Workforce

24.7% Women Among All Promoted
High-Performing Employees Selected as Department Heads and Promotees
Juyeonsoon Director, First IT Major to Achieve Grade 1

Bank of Korea Governor Lee Chang-yong is answering questions from the press at the Monetary Policy Direction press conference held at the Bank of Korea in Jung-gu, Seoul on the 13th. Photo by Kang Jin-hyung aymsdream@

The Bank of Korea conducted its regular personnel reshuffle for the second half of 2022, including the promotion of a total of 73 employees. This is the first regular personnel reshuffle since Governor Lee Chang-yong took office.

IT and payment experts such as Ju Yeon-sun, Director of the IT Strategy Bureau, and Lee Han-nyeong, Director of the Financial Settlement Bureau, were abruptly promoted to Grade 1 and appointed as bureau chiefs. Among all the promoted employees, women accounted for 24.7%.

According to the Bank of Korea on the 29th, the promotions include 8 employees to Grade 1, 16 to Grade 2, 24 to Grade 3, and 25 to Grade 4, totaling 73 people. Female promotions include 1 at Grade 1, 9 at Grade 3, and 8 at Grade 4, making up 24.7% of the total.

Two women, Ju Yeon-sun, Director of the IT Strategy Bureau, and Ryu Hyun-joo, Director of the International Cooperation Bureau, were appointed as department heads. The proportion of women among managerial-level promotions (Grades 1 to 3) exceeded 20% for the first time (20.8%), showing significant advancement of female personnel.

In particular, Director Ju is the first IT major to be promoted to Grade 1 and the fourth woman ever to achieve this rank. She was highly evaluated for her long-term work in the IT Strategy Bureau, leading the bank’s IT utilization and digital transformation, which led to her promotion to Grade 1 and appointment as bureau chief.

Lee Han-nyeong, Director of the Financial Settlement Bureau, is a financial settlement expert who has built expertise through long-term roles as a practical manager, team leader, and department head within the bureau. He was appointed as bureau chief with a Grade 1 promotion, recognized as the right person to prepare for the introduction of Central Bank Digital Currency (CBDC).

Among employees hired for specialized fields such as foreign currency asset management and economic statistics analysis, there were also promotions to Grades 1 and 2. This reflects Governor Lee’s personnel principle of appointing department heads and promoting employees who have achieved results based on expertise in their respective fields.

The Director of the Issuance Bureau and the Director of the International Bureau positions were taken by Kim Geun-young, former head of the Daegu-Gyeongbuk Regional Headquarters, and Oh Geum-hwa, former Director of the International Cooperation Bureau, respectively. Former Secretary General Kim Je-hyun was selected as Director of the Communications Bureau.

The Bank of Korea also announced an organizational restructuring on the same day. To enable regional headquarters to produce content through joint research with headquarters departments and contribute to regional economic development, the research support function of the 'Regional Cooperation Office' will be transferred to the 'Research Bureau.'

Additionally, to strictly enforce ethical behavior standards for executives and employees and enhance the reliability of grievance handling, an Ethics Management Office directly under the Governor will be newly established. The name of the Daejeon-Chungnam Regional Headquarters has been changed to the Daejeon-Sejong-Chungnam Regional Headquarters.

This content was produced with the assistance of AI translation services.