Vice Chairman Kim So-young Retires Today... First to Complete a 3-Year Term at the Financial Services Commission

First to Complete a 3-Year Term

Focus on Capital Market Advancement such as 'Value-Up'

Returning to Seoul National University as an Economics Professor

Vice Chairman Kim So-young of the Financial Services Commission is stepping down after completing her 3-year term. Since the establishment of the Financial Services Commission, she is the first vice chairman to complete the entire term.

According to the Financial Services Commission on the 16th, Vice Chairman Kim will hold a retirement ceremony at the Government Complex Seoul this morning.

After retirement, Vice Chairman Kim is expected to return to Seoul National University as a professor in the Department of Economics.

She has been recognized as an expert in macroeconomics and monetary and financial sectors in the field of economics.

She has served as a consultant for the Asian Development Bank (ADB) and the Bank for International Settlements (BIS), and as a research fellow at the Hong Kong Monetary Authority Research Institute. Since 2009, she has been a professor in the Department of Economics at Seoul National University and participated as a member of the Economic Division 1 of the 20th Presidential Transition Committee. She was also considered for the positions of Senior Economic Secretary to the President and Governor of the Bank of Korea.

Since taking the position of Vice Chairman of the Financial Services Commission in May 2022, she has pursued over 30 tasks related to capital market advancement, such as abolishing the foreigner ID registration system, expanding English disclosures, improving the delisting system, and supporting corporate value-up programs.

Vice Chairman Kim attended an academic conference hosted by the Korean Academic Society of Business Administration the previous day and emphasized, "Due to the nature of capital market advancement policies, it is difficult to see results in a short period, so a long-term perspective and consistent effort are needed."

Meanwhile, after Vice Chairman Kim's retirement, the position of Vice Chairman of the Financial Services Commission will remain vacant. Until appointments at the ministerial and vice-ministerial levels are made after the presidential election next month, Kwon Dae-young, Secretary General of the Financial Services Commission, will temporarily handle some duties.

Reporter Shin Min-kyung, Hankyung.com radio@hankyung.com