He will replace Kim Soo-hyun, who has held the post since November last year.
“(Kim Sang-jo) has made significant contributions to establishing a fair economy as the administration’s first FTC chairman,” Cheong Wa Dae spokesperson Ko Min-jung said.
Kim Sang-jo has served as FTA chairman since June 2017. He has built a career as an economics scholar with strong links to nongovernmental organizations, and as a champion of chaebol reform.
|Kim Sang-jo, chairman of the Fair Trade Commission (Yonhap)|
His stance on chaebol, or family-run conglomerates, had drawn criticism that he has an anti-chaebol approach. His appointment as FTC chief had met with strong resistance from pro-market conservatives.
Along with Kim Sang-jo, President Moon Jae-in also appointed Lee Ho-seung, vice minister of economy and finance, as his top economic aide.
|Kimg Sang-jo (left) and Lee Ho-seung (Yonhap)|
By Choi He-suk (email@example.com)