Yoo Jaehoon
 |
Yoo JaeHoon is the Chairman and President of the Korea Deposit Insurance Corporation (KDIC).[1] He is also working as ex-officio Commissioner of the Financial Services Commission (South Korea), and a member of the Executive Council of the International Association of Deposit Insurers (IADI).[2]
Early life[edit]
Yoo has a BA in economics and an MA in public administration from Seoul National University, and an MA (DEA) in international economics at Sciences Po de Paris. He graduated from the Ecole Nationale d'Administration (ENA) in France. He obtained a PhD in economics from Kyonggi University in 2011.
Career[edit]
During his 30-year career in public service, he worked on capital market development, financial policy, and international cooperation for developing countries.
From 1997 to 2000, Yoo worked as an economist at the Asian Development Bank (ADB) in Manila. He served as a senior securities market specialist at the World Bank (WB) and International Finance Corporation (IFC) between 2005 and 2008. Yoo was the president of the Sciences Po de Paris Korean Alumni Association.
He worked as Spokesperson for the Financial Services Commission (South Korea) from 2008 to 2009. He worked as s Director General of the Treasury Bureau at the Ministry of Strategy and Finance (South Korea) from December 2009 to March 2011. He served as Commissioner of the Securities and Futures Commission (SFC) from April 2012. He worked as Chairman and CEO of Korea Securities Depository (KSD) from November 2013 to October 2016. Yoo also worked as Director General and Controller of Asian Infrastructure Investment Bank (AIIB) from 2016 to 2019.
From 2017 to 2022, Yoo worked as a member of the International Advisory Council (IAC) of the China Securities Regulatory Commission (CSRC).
He served as emeritus professor of the Graduate School of Public Administration at Konkuk University in Korea and vice-dean/professor of the China-Japan-Korea Research Institute at Shandong University of Finance and Economics in China from 2019 to 2022.
Social Work[edit]
He has been actively engaged in several social works including Asia Future Institute (Chairman, 2016-2019, public diplomacy), Global Overseas Adoptees' Link (Chairman, 2016-2019, volunteer) and China Capital Market Society (Founding Chairman, 2009-2019, financial research) in Korea.
Publications[edit]
Yoo's publications include The Korean Bond Market: The Next Frontiers (2008) and Development Strategy for China Capital Market (2008). He published the papers Financing Innovation: How to Build an Efficient Exchange for Small Firms (2008) and Study on the Financial Characteristics and Financing Patterns of Innovative Firms (2011). He wrote a book “Creating an Artificial Sun (2016)” that sheds light on Korea’s capital market development.
Major Activities[edit]
- KDIC Chairman Yoo appeared in the video of the World Bank FCI Seoul Center's 10th anniversary celebration
- KDIC Chairman Met with World-renowned Scholar Philip Dybvig
- KDIC Chairman JaeHoon Yoo Delivered Congratulatory Remarks at the WB (World Bank) Webinar
Related Articles[edit]
- Yoo Jae-hoon, former president of the Korea Securities Depository, was appointed as the new president of the Korea Deposit Insurance Corporation Infostock daily, November 11, 2022.
- Ex-KSD Chairman Yoo Jae-hoon Takes Helm of KDIC NewsWorld, November 26, 2022.
- KDIC aims to expand scope of deposit insurance The Korea Times, March 8, 2023.
- KDIC considering expansion of deposit insurance Korea News Plus, March 9, 2023.
- Calls rise for bolstered deposit insurance coverage following SVB disaster The Korea Times, March 14, 2023.
- Established memorandum of understanding of cooperation with Korea Deposit Insurance Corporation Financial Regulatory Commission, June 28, 2023.
- The long-term goal of Mongolia is to introduce a "Differentiated Fee System" 24tsag.mn, June 28, 2023.
- Korea Deposit Insurance Corporation visited the CDIC on 25 August 2023 Central Deposit Insurance Corporation, August 31, 2023.
- Deposit Insurance of Vietnam's delegation visited and worked at Korea Deposit Insurance Corporation Deposit Insurance of Vietnam, September 12, 2023.
- The FDIC Announces Memorandum of Understanding with Korea Deposit Insurance Corporation, Formalizing Information Sharing and Cooperation Related to Resolution Planning and Implementation Federal Deposit Insurance Corporation, September 26, 2023.
- The Deposit Insurance Fund is expanding its international cooperation Azerbaijan Deposit Insurance Foundation, October 13, 2023.
- Fund visited KDIC Fund of Guarantee Citizens' Deposits in Banks Republic of Uzbekistan, November 6, 2023.
- International Association of Deposit Insurers - Asia-Pacific Regional Committee Workshop: "Enhancing the role of deposit insurers in early detection and timely intervention" Deposit Insurance of Vietnam, November 10, 2023.
- The goal is depositor protection and system health Dai Bieu Nhan Dan, November 10, 2023.
- Enhance the role of deposit insurance in early detection and timely intervention Quichoi TV, November 10, 2023.
- Strengthening Insurance Supervision, OJK Collaborates with Two Korean Institutions Otoritas Jasa Keuangan, December 7, 2023.
- KDIC chief vows to strengthen crisis response monitoring system TheKoreaTimes, December 8, 2023.
- KDIC Declares Responsibility Management to Establish Internal Controls and Compliance Regime Global News Network, December 21, 2023.
- Meeting was held with the Korea Deposit Insurance Corporation Representatives Financial Regulatory Commission, January 23, 2024.
- Dealing with misdirected wire transfers TheKoreaTimes, February 23, 2024.