BOK Appoints Park Jong-woo, Director of Financial Markets Bureau, as New Deputy Governor

Monetary Policy Expert
Spent Most of Career in Monetary Policy Department

Park Jong-woo, Director of the Financial Markets Department, has been appointed as the new Deputy Governor of the Bank of Korea.

On the 27th, the Bank of Korea announced that Governor Lee Chang-yong appointed Park Jong-woo, Director of the Financial Markets Department, as Deputy Governor in charge of monetary policy and markets.

Deputy Governor Park joined the Bank of Korea in 1996 and has spent most of his career working in the monetary policy department. He is regarded as an expert in monetary policy, demonstrating outstanding analytical and policy implementation skills with professional insight into the overall macroeconomy.

Since 2023, he has served as Director of the Financial Markets Department, earning recognition for promoting market stability. He has worked in the Policy Planning Department and the Economic Research Institute, and has had a long tenure in the Monetary Policy Department.

The Bank of Korea stated, "He possesses extensive experience and knowledge covering the Bank of Korea's monetary credit policy and overall market operations," and added, "He is expected to significantly contribute to enhancing the effectiveness of monetary policy amid uncertainties in domestic and international economic conditions."

Deputy Governor Park's term will run from the 28th of this month until May 27, 2027.

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