Executive

Position	Name		Tenure
Governor	RHEE, Chang Yong	career background	Apr. 21. 2022 ~ Apr. 20. 2026
GovernorRHEE, Chang Yong Education Feb. 1984 Seoul National University, Korea (B.A. in Economics) Jun. 1989 Harvard University, U.S.A. (Ph.D. in Economics) Professional Experience Sep. 1989Assistant Professor of Economics, University of Rochester Sep. 1992Visiting Fellow, The World Bank Feb. 1994Assistant Professor of Economics, Seoul National University Feb. 1998Associate Professor of Economics. Secoul National University Mar. 2003Professor of Economics, Seoul National University Mar. 2008Vice Chairman, Financial Services Commission Chariman, Securities and Futures Commission Nov. 2009Secretary General and Sherpa, Presidential Committee for the 2010 G-20 Seoul Summit Mar. 2011Chief Economist, Asian Development Bank Feb. 2014Director, Asian and Pacific Department, International Monetary Fund Apr. 2022Governor, Bank of Korea
Senior Deputy Governor	Ryoo, Sangdai	career background	Aug. 21. 2023 ~ Aug. 20. 2026
Member, Monetary Policy Board Ryoo, Sangdai Education Feb. 1986B.A., Economics, Seoul National University, Korea Dec. 1998Ph.D., Economics, State Univ. of N.Y., U.S.A Professional Experience Aug. 2023Senior Deputy Governor, Bank of Korea Jul. 2021Executive Vice President, Korea Housing Finance Corporation May. 2018Deputy Governor, Bank of Korea Feb. 2017Director General, International Affairs Department Jul. 2014Chief Representative, New York Representative Office Feb. 2012Director General, International Department Mar. 2011Head, Fixed Income Markets Team, Financial Markets Department Mar. 2010Deputy Director General, Financial Markets Department Feb. 2007Senior Assistant to Board Member, Monetary Policy Board Secretariat Jul. 2006Senior Economist, International Department Mar. 2003Senior Economist, SEACEN (Seconded from the Bank) Sep. 2001Senior Economist, International Department May. 1999Economist, International Department Dec. 1998Economist, Research Department Feb. 1986Joined the Bank of Korea
Deputy Governor	Min Jwahong	career background	May. 17, 2021 ~ May. 16, 2024
Deputy Governor Min Jwahong Education Feb. 1987B.A., International Economics, Seoul National University, Korea Feb. 1989M.A., International Economics, Seoul National University, Korea Professional Experience May. 2021Deputy Governor, Bank of Korea Mar. 2019Director General, Financial Stability Department Jun. 2018Director General, Payment & Settlement Systems Department Feb. 2018Advisor to Governor Feb. 2015Deputy Director General for Livelihood Economy, Ministry of Economy and Finance(Dispatched from the Bank) Jul. 2014Head, International Affairs Strategy & Coordination Team, International Affairs Department Feb. 2013Head, Financial Markets Team, Financial Markets Department Feb. 2012Head, Money Markets Team, Financial Markets Department Mar. 2009Senior Economist, Market Operations Team, Financial Markets Department Feb. 2006Senior Manager, Human Resources Management Team, Human Resources & Administration Department Jun. 2003Economist, Institute for Monetary & Economic Research Jan. 1989Joined Bank of Korea
Deputy Governor	Lee SangHyeong	career background	Jul. 22, 2021 ~ Jul. 21, 2024
Deputy Governor Lee SangHyeong Education Feb. 1989B.A., International Economics, Seoul National University, Korea Feb. 1993M.A., International Economics, Seoul National University, Korea Feb. 2006MBA, KAIST, Korea Professional Experience Jul. 2021Deputy Governor, Bank of Korea Jul. 2019Director General, Monetary Policy Department Oct. 2017Advisor to Governor May. 2015Head, Monetary Policy Planning & Coordination Team, Monetary Policy Department Feb. 2013Head, Monetary Policy Research Team, Monetary Policy Department Feb. 2008Senior Assistant to Board Member, Monetary Policy Board Secretariat Feb. 2007Senior Economist, Monetary Policy Planning & Coordination Team, Monetary Policy Department May. 2002Economist, Fixed Income Markets Team, Financial Markets Department Jan. 1993Joined Bank of Korea
Deputy Governor	Lee Jongryeol	career background	Jul. 20, 2022 ~ Jul. 19, 2025
Deputy Governor Lee Jongryeol Education Feb. 1993B.A., International Economics, Seoul National University, Korea Dec. 2006MSF, Univ. of Illinois, U.S.A May. 2007MBA, KDI, Korea Professional Background Jul. 2022Deputy Governor, Bank of Korea Feb. 2021Director General, Payment & Settlement Systems Department Nov. 2018Director, Construction Project Management Office Aug. 2018Deputy Director General, Payment & Settlement Systems Department Jul. 2016Director, e-Finance Division, Payment & Settlement Systems Department Feb. 2012Head, Payment Systems Policy Team, Payment & Settlement Systems Department Aug. 2011Head, Payment Systems Stability Team, Payment & Settlement Systems Department Aug. 2009Senior Manager, Secretariat, Planning & Budget Department Feb. 2007Economist, Payment Systems Policy Team, Payment & Settlement Systems Department Oct. 2003Economist, Payment Systems Stability Team, Payment & Settlement Systems Department Jan. 1993Joined Bank of Korea
Deputy Governor	Kim, Woong	career background	Mar. 9, 2023 ~ Mar. 8, 2026
Deputy Governor Kim, Woong Education Feb. 1993B.A., Economics, Yonsei University, Korea Aug. 2008Ph.D., Economics, Texas A&M Univ, U.S.A Professional Background Mar. 2023Deputy Governor, Bank of Korea Jul. 2020Director General, Research Department Feb. 2019Director, Research Department (Macroeconomic Modeling Division) Feb. 2013Head, Research Department (Industry Analysis Team, Labor Market & Fiscal Research Team, Inflation Monitoring & Forecasting Team, Forecasting Coordination Team) Feb. 2011Senior Economist, Research Department (Macroeconomic Modeling Team, Modeling & Forecasting Team) Jun. 2010Economist, Research Department (Monetary & Fiscal Research Team, Macroeconomic Modeling Team) May. 2008Economist, Institute for Monetary & Economic Research (Macroeconomics Team) Apr. 2001Economist, Monetary Policy Department (Financial Research Team, Monetary Policy Planning & Coordination Team) Jan. 1993Joined Bank of Korea
Deputy Governor	Chae, Byung Deuk	career background	Jun. 15, 2023 ~ Jun. 14, 2026
Deputy Governor Chae, Byung Deuk Education Feb. 1993Bachelor of Business Administration, Sungkyunkwan University, Korea Feb. 2001Master of Science in Management, Sungkyunkwan University, Korea Professional Background Jun. 2023Deputy Governor, Bank of Korea May. 2021Director General, Human Resources & Administration Department Feb. 2019Director General, Monetary Policy Board Secretariat May. 2018Human Resources Management Officer Jul. 2015Head, Human Resources & Administration Department (Labor Relations Team, Human Resources Team) Dec. 2009Senior Manager, Human Resources & Administration Department (Human Resources Management Team) Feb. 2008Senior Manager, Human Resources & Administration Department (Labor Relations Team) Mar. 2005Manager, Human Resources & Administration Department (Labor Relations Team) Mar. 1985Joined Bank of Korea

The executive of the Bank of Korea consists of executive officers and employees. The executive officers are the Governor, the Senior Deputy Governor, and the five or fewer Deputy Governors.

The Governor, appointed by the President on the deliberation of the State Council, represents the Bank. The term of the Governor is four years and he or she may be reappointed for a single consecutive term. The Governor conducts policies formulated by the Monetary Policy Board as the chief executive officer of the Bank. He or she also keeps the Board informed of current matters requiring its attention and provides it with materials and advice necessary for the resolution of its policies. In addition, the Governor may attend and state his or her opinion on matters related to money and credit at the State Council.

The Senior Deputy Governor assists the Governor and is appointed by the President upon the recommendation of the Governor.

The Deputy Governors are appointed by the Governor and undertake their respective duties in the manner stipulated in the Articles of Incorporation of the Bank of Korea.

The term of the Senior Deputy Governor and each of the Deputy Governors is three years and they may be reappointed for a single consecutive term.

In terms of its organizational structure, the Bank has 16 departments in its Head Office in Seoul, and 16 branches in major cities. In addition, it has five overseas representative offices in principal international financial centers. The total number of employees was 2,288 as of December 2016.