Kim Jong Chang assumed the office of Governor of the Financial Supervisory Service on 28 March 2008. The agency he heads is the Republic of Korea’s consolidated financial supervisor, with oversight and enforcement authority over financial service firms and other major participants in the financial markets. After more than two decades at the Finance Ministry, he was appointed Standing Commissioner of the Securities and Futures Commission in April 1998. A year later, he was appointed Standing Commissioner of the Financial Supervisory Commission, and in February, 2000, Deputy Governor of the Financial Supervisory Service. Kim then took the helm of Industrial Bank of Korea as the Chairman and CEO in May, 2001. During his term at IBK, he was widely credited with laying the groundwork for the bank’s privatization efforts. After his tenure at IBK ended in February, 2004, Mr. Kim was appointed Member of the Monetary Policy Committee, the interest rate-setting body at the Bank of Korea. Upon completing his term at the Monetary Policy Committee in April, 2006, Kim moved to the law firm of Lee & Ko as a senior advisor.