Kim So-young, vice chairman of the Financial Services Commission, will retire after completing her three-year term.
According to the Financial Services Commission on the 15th, Vice Chairman Kim will hold a retirement ceremony at the Government Seoul Building on the morning of the 16th. Since the establishment of the Financial Services Commission in 2008, Vice Chairman Kim is the first to complete a full three-year term.
During her tenure, Vice Chairman Kim has focused on the "capital market advancement." Vice Chairman Kim attended an academic event held on the 13th and today, sharing the achievements of policy implementation under the theme "Achievements of the Capital Market Advancement Policy and Future Tasks." She also emphasized the need to consistently promote the capital market advancement policy. Vice Chairman Kim noted, "We must proceed with a long-term perspective while forming a national consensus."
After her retirement, Vice Chairman Kim is expected to return as a professor at the Department of Economics at Seoul National University. She is regarded as an expert in macroeconomics and the currency and institutional sector. She has served as a consultant for the Asian Development Bank (ADB), a consultant for the Bank for International Settlements (BIS), and a research fellow at the Hong Kong Monetary Authority Institute.
With Vice Chairman Kim's retirement, the position of vice chairman at the Financial Services Commission will remain vacant for the time being. It is expected to be operated under acting Secretary-General Kwon Dae-young until the appointment of the next government's vice minister-level political personnel next month.