Home » News » Appointed 1st Deputy Minister of Finance to the Minister of Welfare … The pension reform seems to be on the increase

Appointed 1st Deputy Minister of Finance to the Minister of Welfare … The pension reform seems to be on the increase

On the 7th, President Yoon Seok-yeol appointed Initial Deputy Minister of Wellness and Welfare Cho Kyu-hong (pictured) as Minister of Health and Welfare. In a briefing the similar working day, Main of Personnel Kim Dae-gi explained the background to the appointment, declaring, “Cho prospect for the post of minister Cho was an economic bureaucrat who was effectively versed in spending budget and finance and participated in pensions. and numerous health insurance policy reforms.

Applicant Cho, a former bureaucrat in the Ministry of Approach and Finance, was employed as the 1st deputy minister of welfare shortly ahead of the begin of the new federal government.

He commenced general public lifestyle with the 32nd yearly conference … Build your career in budgeting and finance
After 4 months of advertising to deputy minister … headed as ministerial prospect

Nominee Gyu-hong Cho for the put up of Minister of Overall health and Welfare is an orthodox financial bureaucrat who has used most of his community lifetime in the Ministry of Technique and Finance. Before getting up the place of 1st Deputy Minister of the Ministry of Wellness and Welfare, he held the place of Head of the Budget Division, liable for deliberating the economic funds and liable for economical management at the Ministry of System and Finance, where he was associated in budgeting and finance. As a final result, there is a expanding risk that the pension reform, which experienced been “shut company”, will achieve momentum. The Countrywide Pension Service was also led by Kim Tae-hyeon, a previous member of the Ministry of Finance and Overall economy (predecessor of the Ministry of Finance) and the Monetary Services Fee.

○ The “closure of outlets” is having spot in the pension reform


Applicant Cho was appointed 1st Deputy Minister of Wellbeing and Welfare on May 9, just before the inauguration of the new govt. The subsequent fallout of candidates for the Minister of Wellness and Welfare is estimated to have motivated the background of his direct nomination as ministerial applicant, just four months soon after taking up the write-up of very first deputy minister in his lifestyle.

As previous president of Kyungpook National University Clinic Jeong Ho-youthful and previous United Future Party legislator Kim Seung-hee ended up nominated candidates for the wellness and welfare minister and then dropped out a single following the other, he was reported that the have to have for “steady employees”. who can pass the hearing ‘is greater than ever in the presidential business office. Questioned by reporters about the context of the presidential elections, Kim Dae-gi, head of the presidential business office, said: “There have been numerous troubles, these kinds of as the truth that the hearings had been held rigidly and lots of people today refused (requests for ministerial workplaces). “

Applicant Cho is believed to be the suitable man or woman to employ pension reform, just one of the 3 key reform tasks of the Yun Seok-yeol administration. Prospect Cho, who started his initial community support at the Ministry of Setting up and Finances with the 32nd administrative examination, was a particular person who strove for productive fiscal administration by having on spending plan-relevant duties even following the Ministry of the Funds was built-in into the Ministry of Approach and Finance. As the time for depletion of the National Pension Fund techniques, the need for staff with encounter in the economical discipline is analyzed to apply the pension reform in the route of ‘pay a lot more and obtain less’. Main of Staff Kim stated: “(In a condition exactly where the Minister of Welfare is vacant), I pretty much appreciated that Deputy Minister Cho handled the small business romance of the ministry (to the president) and performed the his role as minister devoid of unreason in the final 100 days ”.

○ Anxiety of absence of overall health techniques

Alongside with pension reform, wellbeing insurance plan money reform is also noticed as a single of the key jobs experiencing Cho. This is because wellness treatment finances have deteriorated due to the important improve in investing on health and fitness coverage benefits by the Moon Jae-in governing administration, together with the inclusion of mind and cerebrovascular magnetic resonance (MRI) in insurance protection. sanitary.

It is also emphasised that prospect Cho has no knowledge in health and fitness and welfare as he spends most of his public daily life at the Ministry of Technique and Finance. The presidential business office mentioned by way of info on the identical day: “Deputy Minister Cho had expertise overseeing the drafting of” Eyesight 2030 “, Korea’s 1st prolonged-term countrywide vision with the core of increasing economical investment decision in the sector. of welfare in 2006 “. In the long term, he will tutorial the implementation of the main nationwide duties of the Yun Seok-yeol administration in the industry of health and fitness and very well-remaining, these as the institution of a social security procedure by means of the advertising of a mutually valuable pension reform, financial expenditure effective in social welfare and health care, reorganization of the well being insurance policies method and strengthening of vital community overall health care. I decided he was the suitable man or woman. “

Prospect Cho claimed on the similar working day: “If I am appointed Minister of Welfare, I will prepare a tight and dense welfare basic safety web for the fewer privileged. We will also cautiously get ready structural reforms to make certain welfare sustainability,” he stated.

By Jung Eui-jin, staff members reporter
Jo Kyu-hong, 1st Deputy Minister of Welfare
Born in 1967 in Haman, Gyeongnam
△ Graduated from Chung-Ang University Higher University, Department of Economics, Seoul Countrywide College
△ Administrative assessment (32 instances)
△ University of Colorado, Masters and Ph.D. in Economics
△ Head of the Spending budget Business office, Finances Workplace, Ministry of Technique and Finance
△ Senior Administrator, Preparing and Management Place of work, Blue Residence
△ Secretary of the Ministry of Finance
△ Finance Director, Spending plan Business, Ministry of Tactic and Finance
Director, European Financial institution for Reconstruction and Advancement (EBRD)
△ 1st Deputy Minister of Wellbeing and Welfare

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