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| New chairman of the Institute for Global Economics |
Jun Kwang-woo, former chairman of the National Pension Service and founding chairman of the Financial Services Commission (FSC), was selected to lead the Institute for Global Economics, the institute said Thursday.
Jun succeeds SaKong Il, the long-term leader of the organization and one of the last remaining members who played a key role in the nation's concentrated development.
Jun, a finance expert, worked for the World Bank for 12 years before returning home during the 1998 currency crisis and helping the government overcome it. He then moved to the private sector to lead big financial organizations before being appointed as FSC chairman in 2007.
The institute Jun will head is known for its strong connections to economists and scholars of global fame and has long serialized lectures by them.
