BOK Conducts Second Half Regular Personnel Changes... 13 Department Heads, 72 Promotions

Appointment of 13 Department Heads Including Choi Yong-hoon, Director of Financial Market Bureau, and Promotion of 72 Personnel
Promotion of Late 1970s Borns to Grade 2 Positions

The Bank of Korea announced on the 19th that it promoted 72 employees, including 7 at level 1, through its regular personnel appointments for the second half of the year, and appointed or transferred 13 department heads.

The Bank stated that the personnel appointments this time were conducted under the policy of emphasizing work expertise and diversity in human composition. To foster next-generation leaders, the Bank promoted employees born in the late 1970s to level 2 positions. It also appointed level 2 employees as the new Director of the International Cooperation Bureau and the Director of the Monetary Policy Committee Office.

Among the department head appointments, 13 were newly appointed or transferred, including Choi Yong-hoon as the new Director of the Financial Market Bureau and Lee Byung-mok as the new Director of the Financial Settlement Bureau.

Director Choi, who previously served as the Director of the Monetary Policy Committee Office, is evaluated to have a high understanding of financial markets and diverse market response experience from his work at the Financial Market Bureau and the Foreign Exchange Operations Office. He is expected to faithfully support the execution of monetary policy by the Monetary Policy Committee and effectively respond to financial market issues and increased volatility as the Director of the Financial Market Bureau.

Director Lee is a representative payment settlement expert who has held various roles such as practical manager, team leader, and department head at the Financial Settlement Bureau for a long time. The Bank evaluated that Director Lee is the right person to enhance the efficiency and safety of the payment settlement system in response to the acceleration of digital transformation of financial infrastructure, while smoothly carrying out tests on the utilization of Central Bank Digital Currency (CBDC) and cooperation on cross-border payment services.

Kim Ki-won, the new Director of the Issuance Bureau, has experience in various departments such as the Monetary Policy Bureau, Financial Market Bureau, and International Cooperation Bureau, and as the head of the Busan branch, he smoothly managed the supply and demand of currency in the local community. He is expected to effectively respond to changes in the issuance work environment and perform issuance tasks stably as the Director of the Issuance Bureau.

Jung Il-dong, the new Director of the Audit Office, has accumulated diverse work experience as a practitioner and team leader in several departments including the Monetary Policy Bureau, Financial Market Bureau, and Human Resources Management Bureau. Additionally, having consecutively served as Chief Secretary, Director of the Communications Bureau, and head of the Jeju branch, he has a high understanding of the overall organization. He is evaluated to contribute to enhancing the Bank of Korea's credibility by strengthening internal control and risk management systems as the Director of the Audit Office.

Bang Hong-gi, former Head of the Policy Planning Department at the Monetary Policy Bureau, was appointed as the Director of the International Cooperation Bureau. As a level 2 employee, Director Bang has been recognized for his outstanding analytical capabilities and insight into overall economic issues through his work at the Research Bureau and Monetary Policy Bureau. He is evaluated to have proactively responded to global discussion issues through his experience at the International Cooperation Bureau.

Im Geon-tae, former Head of the Credit Policy Department at the Monetary Policy Bureau, was appointed as the Director of the Monetary Policy Committee Office. As a level 2 employee, Director Im has long worked at the Monetary Policy Bureau and is evaluated to have extensive knowledge of monetary policy and the Bank of Korea's lending system, as well as rich experience cooperating with related government agencies. He is expected to faithfully support the policy execution of the Monetary Policy Committee and serve as a bridge with frontline departments.

Additionally, Lee Han-nyeong, former Director of the Financial Settlement Bureau, was appointed as the head of the Busan branch; Park Wan-geun, former Deputy Director of Issuance Operations at the Issuance Bureau, as the head of the Gwangju-Jeonnam branch; and Choi In-bang (formerly dispatched to the Financial Supervisory Service) as the head of the Incheon branch. Park Gu-do (formerly dispatched to the Korea Institute of Finance) was appointed head of the Jeju branch; Kang Hwan-gu (former Deputy Director of the Economic Research Institute) as head of the Gangneung branch; Nam Taek-jeong (former Compliance Officer at the Foreign Exchange Operations Office) as head of the Pohang branch; and Kim Byung-gi (former head of the Pohang branch) as head of the Gangnam branch.

The total number of promoted employees is 72, including 7 at level 1, 17 at level 2, 18 at level 3, 15 at level 4, and 15 at level 5.

The level 1 promotions include Kim Kyung-wook, Head of IT Operations at the IT Strategy Bureau; Jung Sam-seon, Team Leader of Training Coordination at the Human Resources Development Institute; Seo Man-ho, Team Leader of Audit Planning at the Audit Office; Choi Jeong-tae, Head of the National Accounts Department at the Economic Statistics Bureau; Shin Jae-hyuk, Head of International Planning at the International Bureau; Song Dae-geun, Head of Foreign Exchange Analysis at the International Bureau; and Kang Tae-soo, Director of the Ministry of Strategy and Finance’s Livelihood Economy Policy Office.

Among the level 2 promotions, to actively foster next-generation leaders who will lead the new Bank of Korea, employees born in the late 1970s such as Lee Ah-rang, Team Leader of Macroeconomic Analysis at the Research Bureau, and Yoon Soo-hoon, Team Leader of Financial Cooperation at the International Cooperation Bureau, were selected.