Yim Jong-yong, the nominee to become South Korea's new finance minister and deputy prime minister for economy, is a well-known technocrat in the finance sector.
He has led the government's financial reform drive as chairman of the Financial Services Commission (FSC), a top regulatory body.
The soft-speaking official is known for his "soft" leadership, as well as his determination to get things done.
Among his current priorities are corporate restructuring and plans to expand the performance-linked pay system at financial services firms.
Yim began his public service in 1981, joining the finance ministry, and has held numerous key positions.
Especially, he made contributions to establishing and improving the financial system as the director of the banking, securities, and financial policy divisions.
He served as a minister at the South Korean Embassy in London from 2006 to 2007.
He then led the ministry's financial policy planning and coordination bureau.
Yim served as the presidential secretary for economic and financial affairs from 2009-2010 before assuming the post of vice finance minister.
He worked as chairman and CEO of NongHyup Financial Group from 2013 until early last year, when he was sworn in as the FSC chief.
He studied economics at Yonsei University and earned a master's degree in economics from the University of Oregon. (Yonhap)
He has led the government's financial reform drive as chairman of the Financial Services Commission (FSC), a top regulatory body.
The soft-speaking official is known for his "soft" leadership, as well as his determination to get things done.
Among his current priorities are corporate restructuring and plans to expand the performance-linked pay system at financial services firms.
Yim began his public service in 1981, joining the finance ministry, and has held numerous key positions.
Especially, he made contributions to establishing and improving the financial system as the director of the banking, securities, and financial policy divisions.
He served as a minister at the South Korean Embassy in London from 2006 to 2007.
He then led the ministry's financial policy planning and coordination bureau.
Yim served as the presidential secretary for economic and financial affairs from 2009-2010 before assuming the post of vice finance minister.
He worked as chairman and CEO of NongHyup Financial Group from 2013 until early last year, when he was sworn in as the FSC chief.
He studied economics at Yonsei University and earned a master's degree in economics from the University of Oregon. (Yonhap)
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