Role in Communicating the Resilience of the Korean Economy and Finance
Former Financial Services Commission Chairman… One-Year Term,
Former Financial Services Commission Chairman Choi Jong-ku delivering opening remarks at a ‘Meeting of Related Agencies for the Advancement of Accounting Supervision’ held at the Seoul headquarters of the Korea Exchange in Yeouido, Seoul, last June. Provided by Financial Services Commission,
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, “The government has appointed an ambassador for international financial cooperation to manage external credit concerns heightened by the ‘December 3 illegal martial law situation’. This is the second appointment of an ambassador for international financial cooperation since the impeachment of former President Park Geun-hye in 2017, when Shin Je-yoon, the former chairman of the Financial Services Commission, was appointed.”,
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, “On the 27th, Acting President and Prime Minister Han Duck-soo appointed former Financial Services Commission Chairman Choi Jong-ku (67) as the ambassador for international financial cooperation. His term is for one year. Ambassador Choi is expected to engage in efforts to maintain external credit ratings by holding meetings and briefings with senior officials from major countries.”,
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, “Ambassador Choi is anticipated to play a role in communicating the resilience of Korea’s economic and financial fundamentals amid the impeachment situation. The government explained, ‘The appointment of Ambassador Choi aims to firmly uphold external credibility and correctly inform about our economy and financial conditions with strong fundamentals,’ highlighting his expertise in the domestic economy and finance, as well as his close connections with key countries, global credit rating agencies, international organizations, and foreign investors.”,
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, “Born in Gangneung in 1957, Ambassador Choi is a representative figure in international economic and finance sectors, having entered public service through the 25th civil service exam after graduating from Gangneung High School and Korea University with a degree in trade. He has served as the Financial Services Commission Chairman, President of the Export-Import Bank of Korea, and Director General of International Finance and International Economic Affairs at the Ministry of Strategy and Finance. During the 2008 global financial crisis, he played a leading role as Director General of International Finance in securing currency swaps with the US, China, and Japan to stabilize the foreign exchange market.”