By Yi Whan-woo
Sohn Byung-doo, former chairman and CEO of Korea Alternate (KRX), was appointed as the brand new chief of a assume tank that’s operated by cell monetary platform operator Toss.
Sohn Byung-doo, former Korea Alternate (KRX) chairman and CEO / Yonhap
The corporate stated Thursday Sohn was picked to supervise Toss Perception, a monetary assume tank launched in September to analysis and analyze tendencies within the monetary sector, particularly regarding accelerated digitalization.
Sohn will take workplace Nov. 1, for a three-year time period, in keeping with Toss.
“I’ve been intently listening to Toss as an innovator and pioneer of Korea’s monetary trade,” the appointee stated, referring to the expansion of Toss’ internet-only companies, together with banking and securities.
He went on to say, “I’ll spare no efforts on Toss’ journey to create the way forward for the nation’s finance.”
Sohn led KRX, the nation’s sole bourse operator, from December 2020 to February this yr.
A former bureaucrat, he was recognized for his light management model.
He spent greater than 30 years on the Ministry of Economic system and Finance, the presidential workplace and the Monetary Companies Fee (FSC).
He performed a central position in laying the groundwork for fintech, a time period referring to using know-how for services and products within the monetary trade, within the mid-2010s when he was on the finance ministry.
Previous to becoming a member of the KRX, he served because the FSC chairman from Might 2019 to November 2020.
He earned a bachelor’s diploma in worldwide economics and a grasp’s in public administration, each at Seoul Nationwide College.
He holds a doctoral diploma in economics from Brown College.
