▲ Min Jee-nah, the newly appointed director of market and counterparty risk at the World Bank Group (WBG), is shown in this undated photo from the Multilateral Investment Guarantee Agency's website. (PHOTO NOT FOR SALE) (Yonhap)

finance ministry-World Bank Group

S. Korean appointed as new director of risks at World Bank Group

SEOUL, May 3 (Yonhap) -- A South Korean has been appointed as the new director of market and counterparty risk at the World Bank Group (WBG), the finance ministry said Sunday.

Min Jee-nah, the former head of credit for state-owned enterprises and reinsurance at the Multilateral Investment Guarantee Agency (MIGA), will take on the role starting next month, the ministry added.

She will become the fourth South Korean national to take on a director-level position at the global financial institution, according to the ministry.

The WGB, is a family of five international organizations that provides low-interest rate loans, policy advice and technical assistance to developing countries, with the goal of reducing poverty and increasing the income of such nations.

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