[Breaking] Jeong Ji-won, Exchange Chairman, Appointed as Next President of the Korea Non-Life Insurance Association

[Asia Economy Reporter Oh Hyung-gil] Jeong Ji-won, Chairman of the Korea Exchange, has been nominated as the next president of the Korea Non-Life Insurance Association.

According to the insurance industry on the 2nd, the Korea Non-Life Insurance Association Presidential Candidate Recommendation Committee (the Committee) held its third meeting and recommended Chairman Jeong as the sole candidate.

At the second meeting, the Committee selected four candidates including Chairman Jeong, Kang Young-gu, President of Meritz Fire & Marine Insurance, Yoo Kwan-woo, former Deputy Director of the Financial Supervisory Service, and Kim Sung-jin, former Administrator of the Public Procurement Service. Through voting on that day, Chairman Jeong was finalized as the candidate.

Chairman Jeong is expected to be appointed as president after a vote by member companies next week.

Born in 1962, Chairman Jeong has served in the Ministry of Finance (currently the Ministry of Economy and Finance) and the Ministry of Finance and Economy, as well as holding positions such as Director of Bank Supervision and Director of Supervisory Policy at the Financial Supervisory Commission, Director of Financial Services Bureau and Standing Commissioner at the Financial Services Commission, and President of Korea Securities Finance Corporation. Since November 2017, he has been serving as Chairman of the Korea Exchange.