February 23, 2011 / 2:40 AM / 8 years ago

PROFILE-South Korea's Finance Minister Yoon Jeung-hyun

Position: Minister of Strategy and Finance

Incumbent: Yoon Jeung-hyun, 64

Term: Since Feb. 10, 2009. Appointed by South Korea’s president.

Key facts:

— Yoon was the chairman of the G20 Finance Ministers & Central Bank Governors’ meeting last October in South Korea. He retained his domestic post in an August 2010 cabinet reshuffling thanks to his role in preparing for that meeting and the November G20 leaders’ summit in Seoul.

— Since beginning his public service career in 1971 at the finance ministry, Yoon has spent most of his career formulating and implementing the government’s tax and fiscal policies. He loosened fiscal policy to help Asia’s fourth-largest economy get through a global slowdown in 2008 and 2009.

— In August 2004, Yoon became the head of Korea’s financial regulator, now known as the Financial Services Commission. He held the position from August 2004 to January 2008 and oversaw the country’s financial markets.

— Yoon worked at the Asian Development Bank as Executive Director responsible for South Korea, Papua New Guinea, Vanuatu and Vietnam between 1999 and 2004.

— Yoon took a master’s degree in public affairs at the University of Wisconsin in 1986 after graduating from Seoul National University in 1969.

(Reporting by Cheon Jong-woo; Editing by Daniel Magnowski)

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