Kim Yongbeom took office as 1st Vice Minister of Economy and Finance on August 16, 2019. Prior to his appointment as Vice Minister, he served as Vice Chairman of the Financial Services Commission (FSC) and chairman of the Securities and Futures Commission (SFC) within the FSC.
In his career as a government official since 1986, Dr. Kim has been through key government posts for economic and financial affairs including Director of Banking System Division in the Ministry of Finance and Economy, Deputy Secretary for Economic Policies in the Office of the President of Korea, Director General and Head of Post Insurance Unit of the Korea Post, Director General of Financial Policy Bureau and Capital Markets Bureau of the Financial Services Commission. In 2000, he left the government for four and a half years to work as a senior economist at the World Bank, where he specialized in the Chinese economy. In 2010, He served as Director General of Global Financial Architecture Bureau in the Presidential Committee for the G20 Seoul Summit.
As an economic expert, Dr. Kim is known for his strong knowledge of international affairs and deep insights into financial markets. Dr. Kim is the co-author with his colleague of "Who Commands the Negotiating Table?" published in 2012. It vividly describes about IMF quota and governance from negotiation process in the lead up to the G20 Seoul Summit.
He graduated from Seoul National University, magna cum laude, with a bachelor’s degree in economics and received his doctorate in economics from George Washington University on a Fulbright Scholarship.