South Korea's Moon names veteran finmin official as regulator chief

[SEOUL] South Korean President Moon Jae In on Monday named Choi Jong Ku, a veteran public servant who has spent most of his career at the finance ministry, to head the country's financial regulator, Mr Moon's office said.

Mr Choi is currently the president of the Export-Import Bank of Korea. He will succeed Yim Jong Yong, the current head of the Financial Services Commission.

Mr Choi is well-regarded among other government officials. Mr Choi will need to attend a hearing at parliament, but confirmation from lawmakers is not mandatory for his appointment.

The Blue House also appointed Hong Jang-pyo, an academic, as the president's chief economic adviser.

REUTERS