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Source: Reuters

Penpix of S.Korea's new fin min, top fin regulator

Published: 19 Jan 2009 01:09:43 PST

Jan 19 - Following are brief profiles of South Korea's new Finance Minister Yoon Jeung-hyun and new Financial Services Commission Chairman Chin Dong-soo.


The former head of the country's top financial regulator is currently serving as a member of the National Economic Advisory Council.

In the past, Yoon has called for lifting of the ban on South Korean conglomerates owning banks.

Yoon, who started his career in government in 1971, spent most of it at the Finance Ministry before heading Financial Supervisory Commission and Financial Supervisory Service -- the country's two main financial regulators.

He worked for international finance affairs, financial policies, securities and taxes in the finance ministry.

In 1999, Yoon served as a director at the Asian Development Bank (ADB), which analysts said gave him experience and knowledge on international economies.


The chairman and chief executive of the government-run Export-Import Bank of Korea (KEXIM), Chin was second vice-finance minister in the previous government.

Chin also worked as deputy finance minister for international affairs from 2004 and was a senior member of Financial Supervisory Commission before that.

He has also served as a deputy director at the World Bank.

(For more on the cabinet reshuffle, click on [ID:nSEO154007])

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