Heo Chang-eon, ex-civil servant at the Financial Supervisory Service, took office as the leader of the Korea Insurance Development Institute (KIDI) on a three-year tenure, Monday. He started his financial career at the Bank of Korea in 1987 and moved to the Financial Supervisory Service two years later. He spent most of his time there before ending his career as a former assistant deputy governor. His career also includes a period as the former chief of the Financial Security Institute. Until last year, Heo worked as an inspection commissioner at Shinhan Bank.