Yoo Jung-yeol Likely to Become New Vice Chairman of the Korea Chamber of Commerce

by SHIN JIA Posted : June 11, 2026, 14:12Updated : June 11, 2026, 14:12
Yoo Jung-yeol, former KOTRA president
Yoo Jung-yeol, former KOTRA president [Photo=KOTRA]
The Korea Chamber of Commerce is reportedly set to appoint Yoo Jung-yeol, the former president of the Korea Trade-Investment Promotion Agency (KOTRA), as its new vice chairman. This follows the resignation of the previous vice chairman on March 20 amid controversy over inheritance tax-related press releases. The position has been vacant for approximately three months.

According to Yonhap News Agency on June 11, the Korea Chamber of Commerce is in the process of finalizing Yoo's appointment as vice chairman. He is currently undergoing employment review procedures for public officials.

Yoo is recognized as an expert in industrial policy, having dedicated nearly 30 years to the fields of industry and trade.

He graduated from Seoul National University with a degree in aerospace engineering and later earned both a master's and a doctoral degree from the same institution. He began his public service career in 1995 after being hired as a fifth-grade civil servant in the Ministry of Trade, Industry and Energy.

Yoo has held various significant positions, including Director-General of the Policy Coordination Bureau of the Presidential Committee on Regional Development in 2013, Minister-Counselor at the Embassy of the Republic of Korea in Japan in 2015, and Director of the Industrial Policy Division at the Ministry of Trade, Industry and Energy in 2019.

From 2020 to 2021, he served as the Industrial and Trade Policy Secretary at the Blue House, and from 2021 to 2024, he was the president of KOTRA. After leaving KOTRA, he has been working as an advisor at the law firm Sejong.

The Korea Chamber of Commerce expects that Yoo's appointment will accelerate key initiatives, including a shift towards growth-centered policy paradigms and the nurturing of artificial intelligence (AI) startups.



* This article has been translated by AI.