Former FSC Senior Deputy Governor Lee Chan-woo Nominated as Next NongHyup Financial Group Chairman Candidate

Public Official Ethics Committee Employment Review Required
Lee Jae-ho Vice President as 'Acting Officer' Until February

Lee Chan-woo, former Senior Deputy Governor of the Financial Supervisory Service, has been nominated as the next candidate for the Chairman of NongHyup Financial Group. NongHyup Financial Group held an Executive Candidate Recommendation Committee meeting on the 27th and selected Lee as the next chairman candidate.

However, Lee is immediately restricted from appointment as he is subject to the Public Officials Ethics Committee's employment review. Therefore, until February, Lee Jae-ho, Vice President of NongHyup Financial Group, will serve as the acting chairman. If the employment review is approved, Lee will be officially appointed from February 3rd.

Lee, born in 1966 in Busan, graduated from Busan Daesadae High School and Seoul National University with a degree in Political Science. He entered public service through the 31st Administrative Examination and served as Director of the Comprehensive Policy Division at the Ministry of Finance and Economy, Secretary to the Deputy Prime Minister’s Office, Director of the Future Society Policy Bureau, and Director of the Economic Policy Bureau. He later held positions as Vice Minister of Strategy and Finance, Chairman of the Economic Innovation Promotion Committee at Gyeongnam Provincial Government, and Senior Deputy Governor of the Financial Supervisory Service.

Lee is the younger brother of Lee Yong-woo, a former member of the 22nd National Assembly and former Democratic Party lawmaker.

Lee Chan-woo, Deputy Minister of the Ministry of Economy and Finance, explaining the policy [Photo by Yonhap News]

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