"We need financial training that looks ahead in 10~20 years from now” Leadership Lecture by Yun Yong-ro, President of Industrial Bank of Korea On May 25, Yun Yong-ro, President of the Industrial Bank of Korea (IBK), gave a leadership lecture at the Jangkiwon International Conference Room in the Yonsei Samsung Library. He completed his BA at Hankuk Univeristy of Foreign Studies and earned his MA at the University of Minnesota. He has been the vice-chairman of the Financial Supervisory Commission and the standing commissioner of the Securities and Futures Commission. In his lecture entitled “A look into the future through the history of financial issues”, President Yun asked the audience to make Korea prosper into a financially developed country. He ascribed Korea’s falling behind in financial competitiveness to the shortage of outstanding human resources in finance. He said, “Humans are ultimately the most important in the financial business. There aren’t many young people appropriately trained for financial business. We need to foster human resources, looking ahead in 10~20 years from now.” He also pointed out that Korea, a country unrelated to the sub-prime mortgage crisis in America, was influenced by the crisis; and further explained that the short-term borrowing in foreign currency was the main reason for the stir that still continues. The lesson to be learned from the current global financial crisis is that a divided nation with a small open economy must adopt a conservative strategy for foreign currency management. He also mentioned the importance of gaining knowledge over various fields. “I heard from Chun Shin-ae, former Assistant Secretary of Labor in the United States, that people will have up to 20 different jobs during their lifetime.” “So we need to gain knowledge over different areas to be competitive and stand out from the rest,” he said.