Bank of Korea Appoints Youngjoo Choi as Deputy Governor for International Affairs and Kyoungsoo Yoon as President of Economic Research Institute

Youngjoo Choi, Director General of the Financial Markets Department, has been appointed Deputy Governor for International and Financial Cooperation at the Bank of Korea. Kyoungsoo Yoon, Director General of the International Department, has been selected as the new President of the Bank of Korea Economic Research Institute.

Youngjoo Choi, newly appointed Deputy Governor for International and Financial Cooperation at the Bank of Korea. Bank of Korea

On October 7, the Bank of Korea said Governor Shin Hyun-song had appointed Youngjoo Choi, Director General of the Financial Markets Department, to the currently vacant post of Deputy Governor for International and Financial Cooperation. Her term will run from October 8, 2026, to October 7, 2029.

Since joining the Bank of Korea in 1997, newly appointed Deputy Governor Youngjoo Choi has accumulated extensive practical experience in policy departments, including the Financial Markets Department and the Monetary Policy Department, working on domestic and global financial market analysis, open market operations, and support for the emergency response task force. She is a leading financial expert who served as Director General of the Financial Markets Department after heading the Office of Sustainable Growth.

During her tenure as head of the Office of Sustainable Growth, she took a leading role in analyzing key issues, including conducting climate stress tests. After being appointed Director General of the Financial Markets Department, she has played a role in policy responses to increased volatility in domestic and global financial markets.

The Bank of Korea said it expects Deputy Governor Choi to effectively support the Governor in implementing policy, drawing on her broad understanding of domestic and global financial markets, fresh perspectives, and flexible thinking. The bank said, "We believe she will excel in her role as Deputy Governor by expanding into international finance the expertise and experience she has built up in the policymaking process related to monetary policy and financial markets, thereby strengthening the bank's ability to respond to rapidly changing external financial conditions and enhancing the external stability of the Korean economy."

Kyoungsoo Yoon, the newly appointed President of the Bank of Korea Economic Research Institute. Bank of Korea

Kyoungsoo Yoon, Director General of the International Department at the Bank of Korea, has been selected as the new President of the Economic Research Institute through an open recruitment process. The President oversees the Economic Research Institute, which conducts in-depth research on the Korean economy as a whole and promotes research exchanges at home and abroad. The position also involves serving as chief economist and setting the Bank of Korea's medium- and long-term research agenda and topics.

Newly appointed President Yoon holds a Ph.D. in economics from Ohio State University and has conducted research on international economics and financial markets, publishing numerous papers. He has served in key departments at the Bank of Korea, including the International Department and the Financial Stability Department, and has gained policy and operational experience and organizational management skills through roles including senior economist and policy adviser at the Bank of England and Director General of the International Department. The Bank of Korea said, "We expect him to make a significant contribution to strengthening the Economic Research Institute's policy-related research capabilities."

The Bank of Korea said, "The new President of the Economic Research Institute was selected through document and interview screenings by a selection committee composed of more than half external members, as well as an interview with the Governor," adding that "he will be formally appointed after the required procedures are completed."

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