The Bank of Korea Conducts Regular Personnel Changes in the Second Half of the Year... 11 Department Heads, 73 Promotions

11 Department Heads Including Choi Jae-hyo, Director of Communications
Women Promotion Rate 21.3%... Over 20% for 3 Consecutive Terms

Exterior of the newly constructed integrated annex of the Bank of Korea. Photo by Joint Press Corps

On the 21st, the Bank of Korea announced that it promoted 73 employees, including seven at grade 1, and newly appointed 11 department heads through its regular personnel reshuffle for the second half of the year. The proportion of female promotions among managers at grades 1 to 3 was 21.3%, exceeding 20% for the third consecutive time.

The Bank of Korea explained that it continued its personnel policy emphasizing professional expertise and diversity in human resources in this second half personnel reshuffle, following the first half of the year. Accordingly, employees who accumulated expertise in various fields and were recognized for outstanding performance and capabilities were selected as department heads and promotees.

First, 11 department heads, including Choi Jae-hyo, Director of the Communications Bureau, and Kim Je-hyun, Director of the Human Resources Management Bureau, were newly appointed or transferred.

Director Choi has long worked in the Monetary Policy Bureau, is well-versed in monetary and credit policy, and has experience leading organizational culture improvement by activating communication between departments while serving as head of the Management Strategy Team and deputy director of the Planning and Cooperation Bureau. The Bank of Korea judged Director Choi to be the right person to further enhance the Bank’s external communication functions.

Director Kim has broad work experience spanning policy departments such as the Monetary Policy Bureau, Financial Markets Bureau, Human Resources Management Bureau, and Communications Bureau, as well as management departments, giving him a high understanding of overall organization and personnel. Based on his experience assisting the governor as a policy advisor and chief secretary, he is expected to faithfully support management and personnel innovation while maintaining smooth labor-management relations.

Shin Hyun-yeol, former head of the Jeonnam Regional Headquarters, was appointed as Director of the Talent Development Institute, and Lee Seung-hwan, former seconded researcher at the Korea Institute of Finance, was appointed as Director of the Economic Education Office. As regional headquarters chiefs, Kim Tae-jung, former deputy director of the Human Resources Management Bureau, was appointed to the Mokpo Headquarters; Hong Cheol, former Mokpo Headquarters chief, to the Gwangju-Jeonnam Headquarters; Park Jeong-gyu, former seconded researcher at the Korea Financial Training Institute, to the Gangwon Headquarters; Kim Jeong-hoon, former head of the Monetary and Financial Department at the Financial Markets Bureau, to the Gyeongnam Headquarters; and Choi Nak-gyun, former head of the Annex Construction Headquarters, to the Gangnam Headquarters.

For overseas office chiefs, Lee Jae-rang, former director of the Talent Development Institute, was appointed as chief of the New York office, and Kim Yong-bok, promoted to grade 1 in this reshuffle and former seconded member of the National Economic Advisory Council Support Group, was appointed as chief of the Frankfurt office.

The total number of promotees was 73, including seven at grade 1, 17 at grade 2, 23 at grade 3, and 26 at grade 4.

Lee Jae-hwa, head of the Payroll and Welfare Team at the Human Resources Management Bureau, who was promoted to grade 1, received high evaluation for significantly contributing to improving employee satisfaction through welfare enhancement and support for facilities such as daycare centers. Jeon Gwang-myeong, head of the International Economy Department at the Research Bureau, successfully managed inflation analysis and global economic trend analysis under increased domestic and international economic uncertainties while overseeing the Inflation Analysis Department and International Economy Department.

Ryu Hyun-joo, who was appointed as the first female director of the International Cooperation Bureau in the second half personnel reshuffle last year, was also selected for promotion to grade 1. Director Ryu was recognized for flawlessly overseeing major tasks such as the G20 meetings and the Asian Development Bank (ADB) annual meeting, significantly enhancing the Bank of Korea’s external stature and contributing greatly to promoting international cooperation with major international organizations and foreign central banks.

Nam Taek-jung, head of the Audit Planning Team, oversaw overall audit tasks and improved audit efficiency through flexible audit execution and audit system improvements. Kim Yong-bok, former head of the Macroeconomic Modeling Department at the Research Bureau (seconded to the National Economic Advisory Council Support Group), strengthened research functions such as economic trend assessment and forecasting while serving as head of the Trend Analysis Team and Macroeconomic Modeling Department at the Research Bureau.

Female personnel were also actively promoted in this Bank of Korea personnel reshuffle. The proportion of female promotions among managers (grades 1 to 3) was 21.3%, exceeding 20% for the third consecutive time. The proportion of female promotions among managers was 19.2% in the first half of last year, 20.8% in the second half of last year, 21.4% in the first half of this year, and 21.3% in the second half, consistently exceeding 20% each time.

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