Yoo Sang-dae, Vice President of Korea Housing Finance Corporation, Appointed as New Deputy Governor of Bank of Korea

Concurrent Member of the Monetary Policy Committee... Participates in Base Rate Decision This Month

Yoo Sang-dae, Vice President of Korea Housing Finance Corporation, has been appointed as the new Deputy Governor of the Bank of Korea.

The Bank of Korea announced on the 11th that Yoo Sang-dae, Vice President of Korea Housing Finance Corporation, has been appointed as the successor to Deputy Governor Lee Seung-heon, whose term expires on the 20th. The term is three years, from the 21st of this month to August 20, 2026. The Deputy Governor of the Bank of Korea is appointed by the President upon the recommendation of the Governor and concurrently serves as a member of the Monetary Policy Committee.

Deputy Governor Yoo graduated from Seoul National University with a degree in Economics and joined the Bank of Korea in 1986. Since then, he has held key positions in the Financial Markets Department, International Department, and International Cooperation Department, gaining recognition for his achievements and capabilities in international finance and cooperation. From May 2018, he served as the Deputy Governor for International Finance and Cooperation for three years.

While serving as Director of the International Department, he was evaluated as having contributed to alleviating market instability by implementing timely market stabilization measures in response to increased uncertainty in the international financial environment. Subsequently, as Director of the International Cooperation Department (February 2017 to May 2018), he led the signing of currency swap agreements with Canada and Switzerland. After his appointment as Deputy Governor, he oversaw the signing of the Korea-US currency swap agreement in response to the spread of COVID-19, promoting stability in the domestic foreign exchange sector and enhancing policy cooperation with major central banks.

Since joining as Vice President of the Korea Housing Finance Corporation in July 2021, he has contributed to the supply of housing finance through improvements to policy mortgage systems and guarantee systems considering market conditions, as well as securing a foundation for the issuance of securitized bonds.