Leadership

According to the provisions in Article 26 of the Act on the Management of Public Institutions, the Chairman of the Korea Student Aid Foundation is appointed by the President of the Republic of Korea, according to the recommendation by the Minister of Education. The Minister of Education selects a candidate for the recommendation to the President from a list of the nominees submitted by an executive nomination committee.

Chief Internal auditor is chosen among several candidates who have been recommended by an executive nomination committee and approved by the steering committee after evaluation. The candidate is recommended by the Minister of Strategy and Finance and appointed by the President.

The Executive Directors are appointed by the Chairman, according to the Act on the Management of Public Institutions and other directly applicable laws and regulations.

Under the Act on the Establishment of the Korea Scholarship Foundation, the Board, which includes the Chairman, is responsible for deliberating on and resolving critical matters pertaining to KOSAF. The Board meets on a periodic basis. The Board consists of two standing executives (Chairman and Senior Executive Director of KOSAF) and either non-standing directors. In addition, the Chief Internal Auditor may attend a meeting of the board of directors and give opinions on its agenda.

According to the Act on the Management of Public Agencies and other directly applicable laws and regulations, the non-executive members of the board are appointed by the Minister of Education, Science and Technology from among nominees selected by an executive nomination committee. One individual nominated by the Minister of Education, Science and Technology, one individual by the Minister of Strategy and Finance, and one individual by the Chairman of the Financial Services Commission are automatically appointed as non-executive board members.

Non-standing Directors [ex officio]

• Chang-ick Choi, Director of Lifelong and Vocational Education Policy Bureau, Ministry of Education
• Yong-Beom Cho, Director of Social Budget, Ministry of Strategy and Finance
• Jheenong Kim, Chief of Financial Consumer Bureau, Financial Services Comission

Non-standing Directors

• Byoung-Joo Kim, Professor of Department of Education, Yeungnam University
• Hee-Yeon Kim, Professor of Department of Education, Sejong University
• Seung-Youn Dho, Professor of Ingenium College, Kwangwoon University
• Yoon-Cheol Shin, Expert Member of SDX Foundation
• Yeon-Kab Lee, Professor of Lawschool, Yonsei University
• Yun-Kyeong Jeong, Senior Researcher of KRIVET