Yim Jong-yong was appointed as Chairman of the Financial Services Commission on March 13, 2015. Prior to assuming the chairmanship, Mr. Yim served as Chairman & CEO of NongHyup Financial Group.
Mr. Yim has been with the government since 1981, holding numerous key positions in the economic and financial fields. He started his career in the Ministry of Finance and Economy (the former body of the Ministry of Strategy and Finance). He made contributions in establishing and improving financial system as director of banking, securities, and financial policy divisions.
From 2006 to 2007 Chairman Yim served as Korean Minister at the Embassy of Republic of Korea in the U.K. He fulfilled his duties to serve the Korean people and businesses in the UK as a representative of the Korean government.
Since returning to Korea, Mr. Yim has filled key posts such as Deputy Director General of the Financial Policy Bureau, Director General of the Economic Policy Bureau and Planning & Coordination Bureau at the Ministry of Strategy and Finance.
Mr. Yim served as Presidential Economic & Financial Secretary from 2009 to 2010 and worked besides the President to stabilize Korea's economy in the aftermath of the global financial crisis. Then, he was appointed as First Vice Minister of the Ministry of Strategy and Finance in 2010 and took in charge of international financial matters. He served as Minister for Government Policy Coordination at Prime Minister's Office in 2011 before moving to become Chairman & CEO of NongHyup Financial Group.
Chairman Yim earned a Bachelor's degree in Economics from Yonsei University and a Master's degree in Economics from University of Oregon.