Kim Se-jik (photo), an emeritus professor in the Department of Economics at Seoul National University, was named the new president of the Korea Development Institute (KDI), the National Research Council for Economics, Humanities and Social Sciences (NRC) under the prime minister's office said on the 4th. The new president Kim's term runs for three years starting on the 9th.
Born in 1960, President Kim graduated from Soongmoon High School and Seoul National University's Department of Economics, and earned a doctorate in economics from the University of Chicago in the United States. After serving as a senior economist at the International Monetary Fund (IMF), Kim taught macroeconomics, economic growth, and the Korean economy for more than 20 years in Seoul National University's Department of Economics. Kim also served as an outside director at the Industrial Bank of Korea (IBK) and Hanwha Life Insurance.
Meanwhile, former President Cho Dong-chul held a retirement ceremony on the 3rd. Cho's term runs until the 8th.