Jugeumgong's First Labor Director Appointed: Former Union Chairman Im Jae-dong

[Asia Economy Reporter Yu Je-hoon] Lim Jae-dong, former labor union chairman, has been appointed as the first non-executive labor director representing workers at Korea Housing Finance Corporation. The labor director system allows worker representatives to participate in management with speaking and voting rights as members of the board of directors.

According to the Housing Finance Corporation on the 20th, the Financial Services Commission appointed and notified Lim, among two candidates recommended by the corporation’s executive nomination committee, as the labor director. Lim’s term will run from February 21, 2023, to February 20, 2025.

Lim joined the Housing Finance Corporation in 2004 and is recognized for his comprehensive understanding of the organization, having worked at both the headquarters and branch offices. He was elected labor union chairman in 2012 and successfully re-elected in 2015, serving a total of six years.

Lim said, “I feel a heavy responsibility being appointed as the first labor director,” adding, “I will strive to faithfully fulfill my role as a bridge for labor-management cooperation by gathering diverse opinions from members.”

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