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Lee Yong-woo (politician)

South Korean politician From Wikipedia, the free encyclopedia

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Lee Yong-woo (Korean: 이용우, born 1 February 1964) is a South Korean entrepreneur, banker and politician currently serving as the Member of the National Assembly for Goyang 4th constituency since 2020. Prior to entering politics, he was the co-CEO of KakaoBank, along with Yoon Ho-young.

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Early life and education

Born in Chuncheon,[1] Lee was grown up in Busan, where he studied at Pujun Primary School, Busan East Secondary School and Gaya High School.[2][3][4] He earned a bachelor's and a master's degree in economics at Seoul National University.[1]

Career

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He joined the Hyundai Research Institute as a researcher in 1992.[5][4] He worked at the General Planning Office at Hyundai Group, as well as a senior economist at Hyundai Investment Trust Securities.[1][2][5][4] He led strategic planning, as well as mergers and acquisitions (M&A) at the Hyundai Motor Company.[1][2][4] In addition, he also served as the Director of the Dongwon Securities, the Director of Strategic Planning of the Korea Investment Holdings, the Director of Asset Management Division of the Korea Investment & Securities and the Chief Investment Officer of the Korea Investment Management.[2][5][4]

He founded KakaoBank along with Yoon Ho-young in the end of 2015 (officially in 2016) and subsequently became its co-CEO.[3][4] Under his leadership, the company achieved a surplus within 2 years,[4][5] as well as putting themselves as the largest online banking company in South Korea.[2]

Political career

From 1992 to 1993, he worked as a secretary to the then Democratic MP Jae-Sik Chang, the father of Ha-Joon Chang.[6]

On 12 January 2020, Lee was brought into the ruling Democratic Party.[1][2][3][4][5] As he joined politics, he subsequently resigned from KakaoBank.[7][8] On 24 February, he was confirmed as the candidate for Goyang 4th constituency, replacing the incumbent MP and the Minister of Land, Infrastructure and Transport Kim Hyun-mee[9][10] who had declared to not seek for re-election.[11][12] In the general election held on 15 April, he defeated the UFP candidate Kim Hyunah.[13]

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Personal life

Lee married to Kim Kyung-ae.[14]

He is also an elder brother to Lee Chan-woo, the former Assistant Minister of Economy and Finance.[3]

Election results

General elections

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References

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