Kim Taehyun, Former President of Korea Meteorological Administration, Appointed as Chairman of National Pension Service

[Asia Economy Reporter Kim Young-won] The Ministry of Health and Welfare announced that Kim Tae-hyun, former President of the Korea Deposit Insurance Corporation, was appointed as the Chairman of the National Pension Service (NPS) effective from the 1st.

The new Chairman of the NPS was appointed after being recommended by the NPS Executive Recommendation Committee, proposed by the Minister of Health and Welfare (Acting Minister, 1st Vice Minister Cho Kyu-hong), and approved by the President.

The Chairman of the NPS represents the corporation and oversees its operations. The term of the Chairman is three years, and Chairman Kim’s term runs from today until August 31, 2025.

Born in 1966, Chairman Kim graduated from Daeya High School in Gyeongnam and Seoul National University with a degree in Business Administration. He entered public service by passing the 35th Administrative Examination. From 1994 to 2004, he served as an officer and senior officer at the Ministry of Finance and Economy (now the Ministry of Economy and Finance), and from August 2004, he worked at the Ministry of Foreign Affairs and Trade and the Financial Services Commission. He held various positions including Senior Administrative Officer at the Presidential Office’s Economic Secretary, Director of Financial Policy Bureau, Director of Financial Services Bureau, and Director of Capital Market Bureau at the Financial Services Commission. In October last year, he was appointed President of the Korea Deposit Insurance Corporation.

The Ministry of Health and Welfare stated, "Based on the new Chairman’s practical experience with pension systems, personal and retirement pensions, expertise in finance and capital markets, and experience managing the Korea Deposit Insurance Corporation, we expect him to demonstrate the capabilities and leadership necessary for future pension reform and public institution innovation."

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