Song Gi-myeong, executive director and head of the Stock Market Division, has been tapped as a candidate for vice president at the Korea Exchange (KRX). Song is expected to complete the appointment process for the related standing director at the board meeting on the 16th and at the regular shareholders meeting on the 31st of the same month.
Executive Director Song Gi-myeong is highly likely to assume the new head of the Management Support Division. This is because the term of Vice President Kim Gi-gyeong, the current head of the Management Support Division, expired on the 12th of last month. The Blue House is currently conducting a personnel vetting process for Song in this regard. Song is awaiting the results of the vetting while on standby assignment.
Born in 1971, Song earned a bachelor's degree in English language and literature from Hankuk University of Foreign Studies and an MBA from the University of Maryland in the United States, then served as head of the bond market division and head of the stock market division at the Korea Exchange (KRX). Promoted to executive director in Jan. last year, Song made a rapid rise to vice president in just one year.
Song was reportedly selected as the final candidate in recognition of achievements such as introducing a short-selling electronic system and pushing to extend trading hours. If Song becomes vice president, Song will be the only person born in the 1970s among a vice-presidential lineup currently centered on those born in the 1960s.
There is also a possibility that Song could take on a different division head role rather than head of the Management Support Division. In 2023, then–Deputy Minister Kim Gi-gyeong also swapped positions with Deputy Minister Yang Tae-young, head of the Management Support Division, instead of filling the then-vacant head of the Stock Market Division post.
The term of Lee Kyung-sik, head of the Derivatives Market Division (vice president), has also expired, but a successor has not yet been decided. As the post has traditionally been filled by a person from the Financial Supervisory Service, a candidate from the Financial Supervisory Service (FSS) is again considered likely this time.