Bank of Korea Appoints Jang Jeongsu as New Deputy Governor for Financial Stability and Payment

After Serving in the Monetary Policy and Financial Markets Departments, Appointed as Director General of Financial Stability Last Year
Close Collaboration with Relevant Ministries on Household Debt and Policy Proposals
Term Runs Until September 30, 2028

Bank of Korea Governor Rhee Changyong has appointed Jang Jeongsu, Director General of the Financial Stability Department, as the new Deputy Governor for Financial Stability and Payment, filling the vacant position. The term of the new Deputy Governor will be three years, starting from October 1 and ending on September 30, 2028.

Jang Jeongsu, Deputy Governor for Financial Stability and Payment, Bank of Korea. Bank of Korea

Deputy Governor Jang graduated from Sungkyunkwan University with a degree in Business Administration. Since joining the Bank in 1997, he has mainly worked in policy departments such as the Monetary Policy Department and the Financial Markets Department. He has also served as Policy Advisor to the Governor and as Chief Secretary.

The Bank of Korea explained that Deputy Governor Jang has delivered outstanding performance based on his expertise in both the real economy and financial markets. In particular, since being appointed as Director General of the Financial Stability Department last year, he has played a significant role in fulfilling the Bank's financial stability mandate by closely collaborating with relevant ministries on macroprudential issues such as household debt, proposing policies, and rebuilding the stress testing model.

The Bank of Korea expects that Deputy Governor Jang, with his extensive experience and insight in policy departments, as well as his excellent judgment and political acumen, will play a key role in cooperating with the government during the ongoing restructuring of real estate project financing and the petrochemical sector. Having served as Chief Secretary to the Governor, he has also broadened his understanding of financial payment operations, and is expected to successfully lead financial digital transformation initiatives such as Project Hangang.

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