BREAKING NEWS

South Korea's first female trade minister bids for WTO top job

By REUTERS

JUNE 24, 2020 05:31

South Korea's trade minister Yoo Myung-hee on Wednesday announced her bid to become the next director-general of the World Trade Organization (WTO), aiming to be the first female leader at the WTO.

The nominations process began earlier this month to find a successor to Brazilian Roberto Azevedo, who will vacate the post a year early at the end of August.

"The international community is increasingly becoming more protectionist...in order for the WTO to overcome the current crisis, the role of a middle power to mediate conflicts among member states is important," Yoo said in a statement ahead of a press conference.

"Korea will be able to serve as a bridge, based on its growth experience through trade."

Yoo is the first woman to hold the position of South Korea's trade minister since it was created in 1948, and if selected, would be the first female WTO director-general.

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