KIC CEO Choi Heenam named S.Korea’s financial ambassador
Hyun-il Lee
Nov 04, 2020 (Gmt+09:00)
South Korea’s Ministry of Foreign Affairs has appointed Choi Heenam, chief executive of the Korea Investment Corporation (KIC), as the country's financial cooperation ambassador, an honorary position with a one-year term.
The sovereign wealth fund’s CEO takes the concurrent role to oversee national campaigns launched to draw foreign investment and gather input from foreign financial services firms as part of the government's efforts to promote Korea as a global financial hub, the ministry said on Nov. 3.
His diplomatic activities will be based on South Korea's fifth master plan to become a global financial center, set out by the Financial Services Commission, the nation's top financial watchdog.
Previously, he served as deputy finance minister of international affairs and director general of international finance. He also had an eight-month stint as a World Bank executive director in 2016.