Bank of Korea names Choi Young-ju deputy governor, Yoon Kyung-su to head research institute

The Bank of Korea said Wednesday it has appointed Choi Young-ju, director of the financial markets department, as deputy governor for international finance and cooperation.

Choi graduated from Korea University with a degree in economics and joined the bank in 1997. He worked in policy departments including the financial markets department and the monetary policy department, later serving as head of the sustainable growth office before taking over as director of the financial markets department in July.

"Deputy Governor Choi is expected to effectively support the governor's policy work with a broad understanding of domestic and international financial markets, fresh perspectives and flexible thinking," the Bank of Korea said.

Yoon Kyung-su, director of the Bank of Korea's international department, has been designated as the new head of the Economic Research Institute.

Yoon graduated from Korea University with a degree in economics and earned a doctorate from Ohio State University. He joined the bank in 1998 and has held positions in the international department and the financial stability department, as well as serving as a senior economist at the Bank of England, policy adviser and director of the international department.

The Bank of Korea said Yoon was selected through a process that included document screening, interviews by a selection committee and a final interview with the governor, adding that he will be formally appointed after completing the required procedures.

The appointment marks the first time a Bank of Korea insider has led the Economic Research Institute in three years, since former head Park Yang-su served in the role from 2021 to 2023.