Yoo Soo-young, spokesperson for the Ministry of Economy and Finance, was nominated as the sole candidate for president of Korea Credit Information Services on the morning of the 22nd. The candidate recommendation committee made the decision after only two meetings, with the first held on the 20th. The rapid selection follows the April rejection of previous nominee Kim Mi-young by the Public Service Ethics Committee, requiring the appointment process to restart from the beginning.
Candidate Recommendation Committee Completes Two-Meeting Selection Process
The candidate recommendation committee for Korea Credit Information Services president held its first meeting on the 20th and nominated Yoo as the sole candidate on the 22nd. Yoo, currently affiliated with the Ministry of Economy and Finance, must undergo voluntary resignation procedures and receive employment approval from the Public Service Ethics Committee. If approved at next month's Public Service Ethics Committee review, Yoo will proceed through the Credit Information Centralized Management Committee, board of directors, and general meeting within Korea Credit Information Services. The process from the centralized management committee to the general meeting takes approximately three weeks.
Yoo Soo-young's Career Background and Qualifications
Yoo was born in 1968 and graduated from Sungkyunkwan University's Department of Law before entering public service through the 39th Administrative Exam. At the Ministry of Economy and Finance, Yoo served as PR officer, price policy director, future strategy director, administrative defense budget examiner, and future strategy bureau director. During Yoo's time as a junior official, Yoo worked in the foreign currency fund division of the international finance bureau, building finance-related experience. Yoo is known within the Ministry of Economy and Finance as a "France expert," having served as financial and economic officer at the Korean Embassy in France and worked at the Organisation for Economic Co-operation and Development (OECD). Yoo is evaluated as having strong internal and external communication skills and a broad perspective on economics and finance, having held positions across diverse fields including economic policy, budget, international finance, and public relations.
First Ministry of Economy and Finance Appointee to Position Since 2016
If finally appointed, Yoo will become the first Ministry of Economy and Finance appointee to serve as Korea Credit Information Services president. Since Korea Credit Information Services' establishment in 2016, excluding the first president from the Bank of Korea, Financial Services Commission appointees including Shin Hyun-joon and Choi Yu-sam have consecutively held the position. The previous selection process was halted when Kim Mi-young, former deputy governor of the Financial Supervisory Service, failed to pass the Public Service Ethics Committee's employment review. Korea Credit Information Services had recommended Kim as the sole candidate for the next president, but the Public Service Ethics Committee issued a non-approval decision in April, requiring the selection process to restart from the beginning.
FAQ
What position was Yoo Soo-young nominated for on the 22nd?
Yoo Soo-young, spokesperson for the Ministry of Economy and Finance, was nominated as the sole candidate for president of Korea Credit Information Services by the candidate recommendation committee on the morning of the 22nd.
Why did the Korea Credit Information Services president selection process restart?
The selection process restarted after the Public Service Ethics Committee issued a non-approval decision in April for previous nominee Kim Mi-young, former deputy governor of the Financial Supervisory Service, who had been recommended as the sole candidate.
