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By Lee Min-hyung
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| Min Jwa-hong, deputy governor at Bank of Korea |
The Bank of Korea's (BOK) new deputy governor, Min Jwa-hong, took office Monday, bring with him hopes that his strong leadership and communication skills will help the central bank see stable growth.
Min joined the BOK in 1989 and previously held various posts in the central bank's major divisions, including the financial market and international collaboration.
For three years since February 2015, he also worked as the public economy policy director at the Ministry of Economy and Finance, where he helped mediate policy-making between the central bank and the government.
"He set an exemplary case of the interchange of personnel during his three-year career there," an official from the central bank said. "Min will contribute to the overall growth of the central bank here and abroad."
He served as the director of the BOK's financial stability department before being appointed as the new deputy governor last week. He handled a series of key tasks to stabilize the local financial market in the wake of the pandemic outbreak last year, while working as the leader of the department.
The central bank hopes that he will help the BOK enhance its footprint abroad during his tenure, which will expire on May 16, 2024.
The new deputy governor studied international economics at Seoul National University before starting his career at the central bank.
