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Professor designated as KDB chief.

A visiting professor at Dongguk University's business administration department has been designated to lead the nation's top state-run bank.

Financial Services Commission (FSC) Chairman Choi Jong-ku recommended Prof. Lee Dong-gull, 64, to head the Korea Development Bank, Thursday.

The nominee has previously served as president of the local think tank the Korea Institute of Finance, a vice chairman of the Financial Supervisory Commission -- a precursor to the FSC -- and a researcher at the Korea Development Institute.

He holds a Ph.D in financial economics from Yale University.

On the same day, Finance Minister Kim Dong-yeon recommended Eun Sung-soo, the chairman of the Korea Investment Corporation, as the head of the Export-Import Bank of Korea.

Serving as a presidential economic aide for former President Roh Moo-hyun, the 56-year-old also worked for the International Bank for Reconstruction and Development and the International Finance Corporation.

He holds a Ph.D in economics from the University of Hawaii.

They are waiting for President Moon Jae-in's approval.

If Moon approves of their designation, Lee will replace Lee Dong-geol, who has led the state-run bank since last year. The post for Eun has been vacant over the past two months, since Choi left the position to lead the FSC.

Given that Seoul Philharmonic Orchestra CEO Choe Heung-sik was nominated as the new governor of the Financial Supervisory Service a day earlier, observers expect the government will soon designate chiefs of the Seoul Guarantee Insurance Company and the Korea Exchange.

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Publication:The Korea Times News (Seoul, Korea)
Date:Sep 7, 2017
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