[Profile] Koo Yoonchul, Minister of Economy and Finance Nominee...Expert in Budget and Policy

On the 29th, President Lee Jaemyung nominated Koo Yoonchul, a distinguished professor in the Department of Economics at Seoul National University, as the candidate for Minister of Economy and Finance.

Koo was born in 1965 and graduated from Youngshin High School in Daegu and the Department of Economics at Seoul National University. He holds a master's degree in public administration from Seoul National University, a master's degree in public policy from the University of Wisconsin in the United States, and a doctorate in business administration from Chung-Ang University.

He entered public service through the 32nd Higher Civil Service Examination and has served as Director General for Policy Coordination at the Ministry of Economy and Finance, Director General for Budget, Second Vice Minister of Economy and Finance, and Chief of the Office for Government Policy Coordination. He later served as a distinguished professor in the Department of Economics at Seoul National University.

President Lee Jae-myung Appoints Koo Yoon-chul as Minister of Economy and Finance Candidate

(Seoul=Yonhap News) On the 29th, the Presidential Office announced through Chief Presidential Secretary Kang Hoon-sik's personnel briefing that President Lee Jae-myung has appointed former Office for Government Policy Coordination Chief Koo Yoon-chul as the new Minister of Economy and Finance candidate.

2025.6.29 [Yonhap News Archive Photo]

Photo by Yonhap News (end)

During the Roh Moo-hyun administration, he worked as an administrator and later as chief of the National Situation Room at the Presidential Office. Under the Lee Myungbak administration, he served as a senior advisor at the Inter-American Development Bank (IDB).

Koo is regarded as an expert in budget affairs, having served consecutively as Director General for Budget and Second Vice Minister. During the Moon Jaein administration, he oversaw inter-ministerial policy coordination as Chief of the Office for Government Policy Coordination.

▲Born in 1965 ▲Youngshin High School in Daegu ▲Department of Economics, Seoul National University ▲Master's in Public Policy, University of Wisconsin, USA ▲Ph.D. in Business Administration, Chung-Ang University ▲32nd Higher Civil Service Examination ▲Director General for Policy Coordination, Ministry of Economy and Finance ▲Director General for Budget Coordination and Director General for Social Budget, Ministry of Economy and Finance ▲Director General for Budget, Ministry of Economy and Finance ▲Second Vice Minister of Economy and Finance ▲Chief of the Office for Government Policy Coordination