ADB appoints new sustainable development managing director general

The ADB has appointed Um Woochong as the DFI’s managing director general of its sustainable development and climate change department. The news marked the first time since 2006 that a South Korean was appointed as a ranking ADB official. Lee Young-hoi, a former senior finance ministry official, served as the bank's managing director general between 2003 and 2006.

Um, who joined the ADB in 1993, is an expert in the international development field. He has been working on the bank's response to the Covid-19 pandemic and climate change.