Kwon Min-soo, the Deputy Governor in charge of international finance and cooperation, was appointed as the new Deputy Governor of the Bank of Korea on August 20. The Deputy Governor is recommended by the Governor and appointed by the President, and Kwon will serve a three-year term starting from August 21, 2026, until August 20, 2028.
Kwon, a native of Seoul, graduated from Whimoon High School and earned a degree in business administration from Yonsei University. He joined the Bank of Korea in 1995 and later obtained a master's degree in business administration from Yale University.
Notably, Kwon has held various positions within the Bank, including head of the foreign exchange market team in the International Division and director of the Foreign Exchange Planning Department, making him a prominent figure in international finance.
The Bank of Korea stated that Kwon's extensive knowledge of the foreign exchange market and asset management, along with his long-established network with domestic financial institutions, global investors, and international organizations, is expected to play a significant role in representing and enhancing Korea's position in the international financial community.
* This article has been translated by AI.
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