SEOUL — The Asian Development Bank has appointed a Korean international development expert who has been working at the multilateral institution for 27 years, as managing director general, the Finance Ministry said Monday.
Um Woo-chong, who has served as director general and concurrently chief compliance officer of ADB’s Sustainable Development and Climate Change Department, will assume office immediately.
It is the second time that a South Korean has taken up the post since the ADB was established in 1966, following Lee Young-hoi who served in the position from 2003 until 2006.
His role includes supporting ADB President Masatsugu Asakawa to institute bank-wide coherence on…
Keep on reading: ADB appoints Korean expert as new director for first time in 15 years