Yoo Sooyoung, Spokesperson for the Ministry of Economy and Finance, Nominated as President of Korea Credit Information Services

Expected to Take Office as Early as September
First President from the Ministry of Economy and Finance Likely to Be Appointed

Yoo Sooyoung, spokesperson for the Ministry of Economy and Finance, has been nominated as the new president of the Korea Credit Information Services.

According to the financial sector on July 22, the Korea Credit Information Services President Candidate Recommendation Committee recommended Yoo as the sole candidate for the new president position on this day. After completing procedures such as formal resignation from the National Assembly, a job suitability review by the Government Public Officials’ Ethics Committee, and approval by the board of directors of the Korea Credit Information Services, Yoo is expected to officially take office as early as September.

If Yoo is officially appointed, this will be the first time since the establishment of the Korea Credit Information Services in 2016 that a former official from the Ministry of Economy and Finance has taken the helm. Previously, other than inaugural president Min Sungki, who came from the Bank of Korea, presidents of the institution have been appointed from among officials of the Financial Services Commission.

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