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The appointment of Kim Joo-hyun as the Financial Services Commissioner… Korea Development Bank Chairman Hwang Young-ki

Kim Joo-hyeon (64), president of the Credit Finance Association, was appointed as the first financial chairman of the Yun Seok-yeol government. It is known that Hwang Young-ki, 69, former chairman of the Financial Investment Association, is likely to be the next president of the Korea Development Bank.

According to the Financial Services Commission on the 10th, President Yoon Seok-yeol is scheduled to meet with the Chairman of the Financial Services Commission and KDB Chairman at the earliest this week. Kim Naejeongja graduated from Jungang High School and Seoul National University with a degree in economics and entered public service through the administrative examination (25th). He started his public life at the Ministry of Finance and served as the head of the Financial Policy Bureau of the Financial Services Commission, the secretary general, and the president of the Korea Deposit Insurance Corporation. Choo Kyung-ho, Deputy Prime Minister and Minister of Strategy and Finance, and his motive. It is evaluated that he is a person who is conscious of the new government’s ‘economic one-team’ principle.

It is known that former Chairman Hwang has been appointed as the chairman of KDB, who is responsible for corporate restructuring. The KDB Chairman is appointed by the President on the recommendation of the Financial Services Commission Chairman for a three-year term. KDB Chairman Lee Dong-geol, who was appointed immediately after the inauguration of the Moon Jae-in government in 2017 and served a second term, resigned on the 9th with about a year and four months remaining in office.

Former Chairman Hwang served as president of Samsung Securities, chairman of Woori Financial Group, and chairman of KB Financial Group. He is said to have formed a relationship in February when he led the declaration of 110 former and current financiers who publicly support President Yun. He is nicknamed ‘Gladiator’ because he pours out harsh words against the government and financial authorities. Financial circles believe that former Chairman Hwang will speed up corporate restructuring led by KDB with his unique driving force.

Reporter Kang Kyung-min/Kim Dae-hoon kkm1026@hankyung.com

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