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Finance minister nominee warns of prolonged inflationary pressure

President s economic policy architect sworn in as new KDI chief

President s economic policy architect sworn in as new KDI chief Posted : 2021-06-03 13:58 Updated : 2021-06-03 14:06 The newly appointed Korea Development Institute (KDI) President Hong Jang-pyo delivers a speech during a ceremony at the KDI in Sejong, Tuesday. Yonhap By Yi Whan-woo Hong Jang-pyo, architect of the Moon Jae-in administration s income-led growth policy, was sworn into office as president of the Korea Development Institute (KDI) earlier this week, according to the institute, Wednesday. He succeeds Choi Jeong-pyo for a three-year term. Hong emphasized the distribution of wealth during a ceremony for his appointment at the state-run institute in Sejong, stressing the importance of inclusive growth characterized by cycles of growth and distribution in the post-COVID-19 era.

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