BREAKING! Okonjo-Iweala Set to Get WTO Job, as South Korea withdraws Candidate

With the resignation of Myung-hee, Okonjo-Iweala is now the only remaining nominee for the top trade spot, becoming the first female managing director of the 26-year-old trade association.
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Ngozi Okonjo-Iweala

Yoo Myung-hee, the South Korean nominee for the position of Director-General of the World Trade Organization, has withdrawn her candidacy.

On Friday morning, the announcement was made by the Ministry of Trade, Industry and Energy of the Republic of Korea via its official Twitter account.

The tweet reads,

“Korea’s Trade Minister Yoo Myung-hee announced on February 5 (local time) that she would withdraw her candidacy for the next World Trade Organization (WTO) Director-General. Korea will continue to work with responsibility for the restoration of the multilateral trading system.”

On October 28, 2020, Ngozi Okonjo-Iweala won the popular vote by a wide margin, but was not called DG because former President Donald Trump's US leaders rejected her nomination in favor of Yoo Myung-hee.

With the resignation of Myung-hee, Okonjo-Iweala is now the only remaining nominee for the top trade spot, becoming the first female managing director of the 26-year-old trade association.