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Director of National Policy at the Office of the President
Sung Tae-yoon
Apostle of Free Market Economics, Grapples with Poor Economic Performance
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Last Updated on Oct 24, 2024
Sung Tae-yoon is the Director of National Policy at the Office of the President.
He was born in 1970 in Seoul.
Sung graduated from Guro High School and earned a degree in Economics from Yonsei University. He went on to complete a master’s degree in Economics from Yonsei University and a PhD in Economics from Harvard University.
He began his career as an Associate Research Fellow on the Financial Economics Team at the Korea Development Institute (KDI) and later served as an assistant professor at the Korea Advanced Institute of Science and Technology (KAIST). Since 2007, he has been a professor in the Department of Economics at Yonsei University.
During his tenure as a professor, Sung actively participated in policy advisory roles for the Ministry of Economy and Finance and the Financial Services Commission. He gained recognition as a macroeconomics expert and advocate of free-market economics. Sung was also a vocal critic of the Moon Jae-in administration’s income-led growth policy.
In 2023, he was appointed Director of National Policy in the administration of President Yoon Suk-yeol.
During his graduate studies at Yonsei University’s College of Business and Economics, Sung studied under the late Yoon Ki-joong, a former professor and the father of President Yoon Suk-yeol.
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