Kim Choongsoo
Encyclopedia
Kim Choongsoo is Governor of the Bank of Korea
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in Seoul in 1966, he entered Seoul National University
and graduated with a degree in Economics in 1973. He received a Ph.D degree in Economics from University of Pennsylvania, U.S.A. in 1979.
In early 1993, Mr. Kim was named Secretary to the President for Economic Affairs at the Office of the President. In March 1995, as Korea applied for a membership to the OECD, he was appointed as Minister and Head of the OECD Office at the Korean Embassy in Paris, to be in charge of the accession negotiations with the OECD.
Mr. Kim returned to Seoul in early 1997 and served as Assistant Minister and Special Advisor to the Deputy Prime Minister at the Ministry of Finance and Economy. In August 1997, he was elected as President of the Korea Institute of Public Finance. He became Dean of the graduate school for international studies at Kyung Hee University in April 1998. From August 2002 to August 2005, he served as President of the Korea Development Institute. During February 2007 and February 2008, he served as President of Hallym University.
From February to June 2008, he was Senior Secretary to the President for Economic Affairs at the Office of the President of the Republic of Korea.
Before becoming the Governor of the Bank of Korea, he served as Ambassador and Permanent Representative of Korea to the OECD from September 2008 to March 2010.
Bank of Korea
The Bank of Korea is the central bank of South Korea and issuer of South Korean won. It was established on June 12, 1950 at Seoul, South Korea.The Bank's primary purpose is price stability. For that, the Bank targets inflation...
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Education
After graduating from Kyunggi High SchoolKyunggi High School
Kyunggi High School is the oldest modern secondary school in Korea, and has educated many leaders of South Korean society. Before the abolition of high-school entrance exams, it was the highest-ranked school in the country. It is located in Gangnam-gu, Seoul, today one of South Korea's most...
in Seoul in 1966, he entered Seoul National University
Seoul National University
Seoul National University , colloquially known in Korean as Seoul-dae , is a national research university in Seoul, Korea, ranked 24th in the world in publications in an analysis of data from the Science Citation Index, 7th in Asia and 42nd in the world by the 2011 QS World University Rankings...
and graduated with a degree in Economics in 1973. He received a Ph.D degree in Economics from University of Pennsylvania, U.S.A. in 1979.
Career
In 1979, he started his professional career as Senior Research Associate at the Center for Human Resource Research, Ohio State University, U.S.A. He returned to Korea in 1983 and served at the Korea Development Institute (KDI) as Senior Economist for ten years. His research areas at KDI included macroeconomic policy management, manpower and social welfare policy.In early 1993, Mr. Kim was named Secretary to the President for Economic Affairs at the Office of the President. In March 1995, as Korea applied for a membership to the OECD, he was appointed as Minister and Head of the OECD Office at the Korean Embassy in Paris, to be in charge of the accession negotiations with the OECD.
Mr. Kim returned to Seoul in early 1997 and served as Assistant Minister and Special Advisor to the Deputy Prime Minister at the Ministry of Finance and Economy. In August 1997, he was elected as President of the Korea Institute of Public Finance. He became Dean of the graduate school for international studies at Kyung Hee University in April 1998. From August 2002 to August 2005, he served as President of the Korea Development Institute. During February 2007 and February 2008, he served as President of Hallym University.
From February to June 2008, he was Senior Secretary to the President for Economic Affairs at the Office of the President of the Republic of Korea.
Before becoming the Governor of the Bank of Korea, he served as Ambassador and Permanent Representative of Korea to the OECD from September 2008 to March 2010.
Citation of Merit
- Order of Civil Merit, Mogryeon, Dec. 26, 1992
- Civil Merit Medal, Dec. 15, 1987
Criticism
- On March 2010, economist expert, Dr. Kim Sang-jo (김상조) of Hansung UniversityHansung UniversityThe Hansung University was founded on 21 December 1972 as "Hansung Women's College". It was renamed "Hansung University" when it was promoted to university level in 1993. The Design Campus attached to Hansung University is located in Jongno-gu, Seoul....
criticized Kim Choongsoo as "the worst candidate for the new governor of Bank of Korea" due to his close affiliation with President Lee Myung-bakLee Myung-bakLee Myung-bak is the President of South Korea. Prior to his presidency, he was the CEO of Hyundai Engineering and Construction and the mayor of Seoul. He is married to Kim Yoon-ok and has three daughters and one son. His older brother is Lee Sang-deuk, a South Korean politician. He attends the...
that could threaten the neutrality of Bank of Korea.