Yung Chul Park is a professor of economics at Korea University. He is also a member of the National Economic Advisory Council. He was an ambassador for International Economy and Trade for the Ministry of Foreign Affairs and Trade from 2001 to 2002 and also chairman of the board, the Korea Exchange Bank in Seoul, 1999-2001. He previously served as the chief economic adviser to President Doo Hwan Chun of Korea, as president of the Korea Development Institute, as president of the Korea Institute Finance, and as a member of the Bank of Korea's Monetary Board. He was director of the Institute of Economic Research at Korea University, taught at Harvard University and Boston University as a visiting professor and worked for the International Monetary Fund. After completing undergraduate work at Seoul National University, he received his PhD from the University of Minnesota. From June to December of 1998, he managed the merger of Korea's two largest commercial banks as chairman of the CBK-Hanil Bank Merger Committee.