Age, Biography and Wiki
Park Seung was born on 16 February, 1936, is a Korean economist (born 1936). Discover Park Seung's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 88 years old?
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88 years old |
Zodiac Sign |
Aquarius |
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16 February, 1936 |
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16 February |
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We recommend you to check the complete list of Famous People born on 16 February.
He is a member of famous economist with the age 88 years old group.
Park Seung Height, Weight & Measurements
At 88 years old, Park Seung height not available right now. We will update Park Seung's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
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Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
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Park Seung Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Park Seung worth at the age of 88 years old? Park Seung’s income source is mostly from being a successful economist. He is from . We have estimated Park Seung's net worth, money, salary, income, and assets.
Net Worth in 2024 |
$1 Million - $5 Million |
Salary in 2024 |
Under Review |
Net Worth in 2023 |
Pending |
Salary in 2023 |
Under Review |
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Not Available |
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Not Available |
Source of Income |
economist |
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Timeline
Park Seung (born February 16, 1936) is a Korean economist who most recently served as a Governor of the Bank of Korea from 2002 to 2006.
After graduating from the Department of Economics at Seoul National University in 1961, Park worked at the Bank of Korea between 1961 and 1976.
He has been married to Youngha Kwon since 1963 with two sons and three daughters.
Park has published 11 books in Korean.
He obtained his Master's and Ph.D. degree in economics from the State University of New York at Albany in 1974.
His dissertation is titled “Development Effect of Foreign Capital in the Labor Surplus Economy”.
After obtaining his Ph.D. degree, he returned to the Bank of Korea.
During 1974–1975, he led the Economic Advisory Group for Saudi Arabia, which was commissioned by the Korean government.
In 1976, he was hired as a professor in the Department of Economics at Chung-Ang University.
His most notable publication is The Theory of Economic Development, published in 1977, which was widely used as a college textbook for 30 years in Korea.
He held positions at the university as a dean of College of Political Science and Economics (1984), a dean of Graduate School (1988), and in 1999, he became an elected president of Korea Economic Association.
Under the regime of President Roh Tae Woo, he served as a senior secretary to the President for Economics Affairs under the Office of the President, and as a minister of the Ministry of Construction.
He was behind successfully planning and implementing the first-ever project for building five new towns in Korea, including Bundang and Ilsan in Gyeonggi Province.
This was part of a larger attempt to carry out the provision of two million housing units in the midst of a housing shortage crisis, proposed during President Roh's presidential campaign.
He returned as a professor to the Department of Economics at Chung-Ang University in 1990 and continued teaching at the university until his retirement in 2001.
Before becoming a governor of the Bank of Korea, he was a professor at Chung-Ang University, a president of Korea Economic Association (1999-2000), a senior secretary to the President for Economic Affairs under the Office of the President, and a minister of Ministry of Construction (1988-1989).
Park was born in Gimje, North Jeolla Province, as the second son of six kids under his mother, Kang Sinyong and father, Park Hyunsik.
In 2002, he was named by then-president Kim Dae-jung as the Governor of the Bank of Korea and the chairperson of the Monetary Policy Committee.
During his appointment, he was a proponent of the independence of the central bank.
His effort propelled the National Assembly to pass the amendment of the Bank of Korea Act in 2003, which stipulated that the vice-governor of the central bank sit on the Monetary Policy Committee and the central bank decide on its own budget except for expenses on salary and wages.
He attempted to redenominate the Korean currency to the ratio of 1,000:1, but the effort did not come to fruition.
Park donated to his alma mater, Baekseok Elementary School to build a library with an auditorium, and to another one of his alma mater, Iri Technical High School.
He was awarded the Distinguished Alumni Award on June 4, 2004, from his alma mater, the State University of New York at Albany.
On May 19, 2007, he received the Honorary Degree of Doctor of Humane Letters at the Spring Commencement.
During the 19th presidential election of the Republic of Korea in 2017, he aided in President Jae-in Moon’s election as the chairman of his advisory committee.