Lee Yong-woo (politician) explained

Lee Yong-woo
Native Name Lang:ko
Birth Date:1 February 1964
Birth Place:Chuncheon, Gangwon, South Korea
Citizenship:South Korean
Office1:Member of the National Assembly
Constituency1:Goyang 4th
Term Start1:30 May 2020
Predecessor1:Kim Hyun-mee
Office2:CEO of KakaoBank
Term Start2:22 January 2016
Term End2:13 January 2020
Serving with Yoon Ho-young
Predecessor2:Position established
Successor2:Yoon Ho-young
Party:Democratic
Alma Mater:Seoul National University
Occupation:Banker, entrepreneur, politician
Spouse:Kim Kyung-ae
Children:1

Lee Yong-woo (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.

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

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]

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

References

  1. News: 13 January 2020. 민주당 춘천출신 카카오뱅크 이용우 공동대표 영입. 27 July 2020.
  2. News: 12 January 2020. 민주당 ‘7호’ 영입 인재는…이용우 카카오뱅크 대표이사. 27 July 2020.
  3. News: 13 January 2020. 카카오뱅크 이용우, 與 7번째 인재로 "스톡옵션 26억원 포기". 27 July 2020.
  4. News: 12 January 2020. 이용우 카카오뱅크 대표, 민주당 간다. 27 July 2020.
  5. News: 12 January 2020. 민주당 ‘7호 영입인재’ 이용우 카카오뱅크 대표, 누구?. 27 July 2020.
  6. News: 18 February 2020. 카뱅 대표에서 정치 뛰어든 이용우 "책임도 묻는 네거티브 규제로". 27 July 2020.
  7. News: 13 January 2020. '이용우 사임 표명' 카카오뱅크, 단독대표 체제로 전환할까. 27 July 2020.
  8. News: 14 January 2020. 카카오뱅크, 이용우 대표 사임에 지배구조 변동...공동대표 유지하나. 27 July 2020.
  9. News: 24 February 2020. 與, 김현미 지역구에 '이용우 前 카뱅 대표' 전략공천. 27 July 2020.
  10. News: 24 February 2020. 이용우 전 카카오뱅크 대표, 김현미 지역구로. 27 July 2020.
  11. News: 3 January 2020. 김현미, 불출마 선언에 눈물까지 흘렸지만…"부동산 규제 계속된다". 27 July 2020.
  12. News: 3 January 2020. "정부 성공 위해 불출마"…눈물 흘린 김현미·유은혜·박영선. 27 July 2020.
  13. News: 16 April 2020. 부동산 심판론 누르고 승리한 이용우…김현미 "이겨줘 고맙다". 27 July 2020.
  14. News: 2 June 2020. '카뱅 아버지' 이용우가 대한민국에서 바꾸고 싶은 한 가지는? 21대 국회의원 초심 박제프로젝트. 27 July 2020.

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