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S. Korea supports Jim Yong Kim for second term as World Bank chief

All Headlines 21:26 August 25, 2016

SEJONG, Aug. 25 (Yonhap) -- South Korea's government said Thursday it supports a second term for Jim Yong Kim to lead the World Bank Group for another five years, as his first term of office is expected to end next year.

The Ministry of Strategy and Finance released a statement saying it respects Kim's leadership and achievements made since his inauguration as the 12th president in July 2012. His term is expected to end in late June next year.

The World Bank Group started the process to nominate the next president Wednesday, shortly after Kim expressed his interest in a second term.

"Active reform is carried out to run the organization more efficiently and effectively," the ministry said. "Visible outcomes have been made as the World Bank Group played active roles in tackling diverse issues that needed joint responses from the international community."

The World Bank Group Staff Association, however, has been opposing Kim's second term, saying there needs to be a change in the selection process.

"We have accepted decades of backroom deals which, twelve times in a row, selected an American male," the association said in an open letter earlier this month, in opposition to the second term of the Korean-born American citizen. "This must change."

Born in Seoul in 1959, Kim moved to the United States at an early age and served as the president of Dartmouth College and a senior official at the World Health Organization (WHO) before leading the World Bank Group.


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