The Korea Deposit Insurance Corporation (KDIC) announced on the 14th that it has begun an open recruitment process for its next president. With the inauguration of the Lee Jaemyung administration, leadership changes at financial public enterprises are now gaining momentum, following personnel reshuffles at financial authorities.
The KDIC will accept applications for the president position from today until the 24th. The term of the current president, Yoo Jaehun, expired on the 10th.
According to the announcement, the KDIC has set the following qualifications for candidates: ▲ professional knowledge and experience in deposit insurance operations ▲ experience and ability required for organizational management ▲ the ability to present a vision for the corporation and demonstrate leadership.
The term for the KDIC president is three years. The president also serves as an ex officio member of the Financial Services Commission, alongside the Vice Minister of Economy and Finance, the Governor of the Financial Supervisory Service, and the Deputy Governor of the Bank of Korea.
Traditionally, individuals from the Ministry of Economy and Finance or the Financial Services Commission have been appointed as KDIC president, so recently retired high-ranking officials from the Financial Services Commission are being considered as candidates. However, in line with recent appointments at the Korea Development Bank and Export-Import Bank of Korea, there is also a possibility that an internal candidate could be selected as president.
Meanwhile, the Korea Inclusive Finance Agency also posted a recruitment notice for its new president on the 10th. The current president, Lee Jaeyeon, has remained in office after his term expired in January.
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