First Female Deputy Governor Named at South Korea Central BankEunkyung Seo
The Bank of Korea promoted Suh Young Kyung to become the first female deputy governor in the central bank’s 63-year history as Governor Kim Choong Soo pushes diversity in a male-dominated institution.
Suh, 50, currently director for financial markets, will be responsible for research and economic statistics, the central bank said in an e-mailed statement in Seoul today.
Park Geun Hye’s rise to become South Korea’s first female president in February underscored the potential for more women to take key policy-making roles in the nation. While Suh becomes one of five deputy governors, she won’t be a member of the committee which sets interest rates.
When Suh joined the central bank in 1988, officials told her to wear a schoolgirl-style outfit, Suh said in an interview this year, adding that she refused.
“They tried to force me to wear the same uniform as high-school graduates while giving money to my male colleagues to buy a suit every season,” Suh said. “The BOK was entirely dominated by men when I started.”
In March of this year, the central bank had only three women among about 230 high-level positions. Governor Kim has said that he wants to promote diversity. One female has served on the monetary policy board, Lee Sung Nam, who was a member from 2004 to 2008 after being appointed from outside the institution.
Separately, Hur Jae Sung, head of the Bank of Korea Academy, was appointed today as a deputy governor in charge of communication and personnel training.