Former government minister to head up Korea’s NPS
30 May 2013
Category: News, Korea
By Dr. D K Song
Professor Choi Kwang from Hankuk University of Foreign Studies (HUFS) has been named as head of Korea’s National Pension Service (NPS), the fourth biggest pension in the world. He took office on Monday, May 27. Former NPS Chairman Jun Kwang Woo offered his resignation in February.
Being a former minister of health and welfare in late 1990’s, Prof. Choi has gained respect for his knowledge in welfare as a free market economist. It is now predicted that the NPS will become more independent in terms of management as it has a former minister as its CEO.
Prof. Choi, after receiving a B.A. in Management from Seoul National University, moved to the US and gained an M.A. in Public Administration from University of Wisconsin, and a Ph. D in Economics from University of Maryland. Upon finishing his academic career, he worked as an assistant professor in University of Wyoming for two years, and then became a professor at HUFS. While working as a professor at HUFS, he also led the Korean Association of Public Finance and the Korea Institute of Public Finance. He has also published more than 90 books and more than 97 theses and is famous among students for never cancelling a single class in his 30 years as a professor.