Kwon Hyouk-Se
Encyclopedia
Kwon was born in Daegu
, North Gyeongsang Province, on November 12, 1956. He graduated from Gyeongbuk High School in February 1975 and received a B.A. in Business Administration at Seoul National University
in February 1980. While in his senior year, he passed the State Administration Examination for Civil Servants in 1979. Then he studied Public Administration at Seoul National University and went on to Vanderbilt University
, U.S.
, where he received an M.A. in Economics in February 1998.
as a Ministry of the Government Administration deputy director in 1980, Kwon served as Economic Advisor Council to the President, Director General at Financial Policy Bureau, Ministry of Finance and Economy (MoFE, predecessor to the Ministry of Strategy and Finance), Industrial Counselor at Prime Minister’s Office and Director General at Tax Office, MoFE. Since 2007, he has taken up financial policy-related positions, including Director General of Supervisory Policy Bureau at Financial Supervisory Commission in 2007, Standing Commissioner of Securities and Futures Commission in 2008 and FSC Secretary General and Vice-Chairman in 2009. As Director General of Supervisory Policy Bureau at Financial Supervisory Commission, he contributed to reducing excessive competition widespread in the banking and credit card
industries and developed measures to stabilize real estate
markets including the regulation of Loan to Value (LTV). During his tenure as a Standing Commissioner of Securities and Futures Commission, he led capital market
reforms, laying the foundation for the enactment of Financial Investment Services and Capital Market Act.
He has extensive expertise and experience in tax policy
and macro-economic policy, as well as financial policy and supervision.
Daegu
Daegu , also known as Taegu, and officially the Daegu Metropolitan City, is a city in South Korea, the fourth largest after Seoul, Busan, and Incheon, and the third largest metropolitan area in the country with over 2.5 million residents. The city is the capital and principal city of the...
, North Gyeongsang Province, on November 12, 1956. He graduated from Gyeongbuk High School in February 1975 and received a B.A. in Business Administration at Seoul National University
Seoul National University
Seoul National University , colloquially known in Korean as Seoul-dae , is a national research university in Seoul, Korea, ranked 24th in the world in publications in an analysis of data from the Science Citation Index, 7th in Asia and 42nd in the world by the 2011 QS World University Rankings...
in February 1980. While in his senior year, he passed the State Administration Examination for Civil Servants in 1979. Then he studied Public Administration at Seoul National University and went on to Vanderbilt University
Vanderbilt University
Vanderbilt University is a private research university located in Nashville, Tennessee, United States. Founded in 1873, the university is named for shipping and rail magnate "Commodore" Cornelius Vanderbilt, who provided Vanderbilt its initial $1 million endowment despite having never been to the...
, U.S.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
, where he received an M.A. in Economics in February 1998.
Career Highlights
Starting his career in the civil serviceCivil service
The term civil service has two distinct meanings:* A branch of governmental service in which individuals are employed on the basis of professional merit as proven by competitive examinations....
as a Ministry of the Government Administration deputy director in 1980, Kwon served as Economic Advisor Council to the President, Director General at Financial Policy Bureau, Ministry of Finance and Economy (MoFE, predecessor to the Ministry of Strategy and Finance), Industrial Counselor at Prime Minister’s Office and Director General at Tax Office, MoFE. Since 2007, he has taken up financial policy-related positions, including Director General of Supervisory Policy Bureau at Financial Supervisory Commission in 2007, Standing Commissioner of Securities and Futures Commission in 2008 and FSC Secretary General and Vice-Chairman in 2009. As Director General of Supervisory Policy Bureau at Financial Supervisory Commission, he contributed to reducing excessive competition widespread in the banking and credit card
Credit card
A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services...
industries and developed measures to stabilize real estate
Real estate
In general use, esp. North American, 'real estate' is taken to mean "Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this; an item of real property; buildings or...
markets including the regulation of Loan to Value (LTV). During his tenure as a Standing Commissioner of Securities and Futures Commission, he led capital market
Capital market
A capital market is a market for securities , where business enterprises and governments can raise long-term funds. It is defined as a market in which money is provided for periods longer than a year, as the raising of short-term funds takes place on other markets...
reforms, laying the foundation for the enactment of Financial Investment Services and Capital Market Act.
He has extensive expertise and experience in tax policy
Tax policy
Tax policy is the government's approach to taxation, both from the practical and normative side of the question.-Philosophy:Policymakers debate the nature of the tax structure they plan to implement and how they might affect individuals and businesses .The reason for such foitution effect]],...
and macro-economic policy, as well as financial policy and supervision.