Finance Ministry director will fill the World Bank executive director’s office, vacated by Eun Sun-soo, the ministry said Friday. Eun quit last month to run Korea’s sovereign fund Korea Investment Corp.
“World Bank on Feb. 3 appointed Choi Hee-nam as one of its executive directors,” the ministry said in a press statement.
Choi was previously the head of the Finance Ministry’s international finance bureau. He will serve out the remaining term of Eun, until Oct. 31.
World Bank, headquartered in Washington, has a president, who is traditionally an American, and 25 executive directors who represent over 180 member countries.