Ruslan Demchak

In 2005, Ruslan Demchak defended his dissertation for the degree of Candidate of Sciences in Public Administration on the topic “State Regulation of Stock Market Development in Ukraine.” The research was conducted at the National Academy for Public Administration under the President of Ukraine. The dissertation examined issues of state regulation of the stock market, interaction among its participants, as well as mechanisms of state regulation and self-regulation.

In 2009, Demchak was admitted to the doctoral programme at the National Institute for Strategic Studies. His dissertation research focused on budget decentralization as a factor in ensuring the economic security of the state.

Demchak’s academic publications address issues of state regulation of the financial and stock markets, budget decentralization, public finance, and economic security.

In particular, in 2009 he published the paper “Formation of the Stock Market in Ukraine amid the Globalization of Financial Processes,” while in 2015 he published the articles “Conceptual Foundations of Budget Decentralization in the Context of Strengthening Economic Security” and “Foreign Experience in the Decentralization of Public Administration.”

In 2021, Demchak began working at the Ministry of Foreign Affairs of Ukraine as an Economic Affairs Counsellor at the Embassy of Ukraine in the Republic of Korea. According to declaration data, he held this position until July 2025.

During his tenure in Korea, Demchak participated in events focused on trade and economic cooperation, investment, and business development. In 2021, he spoke at the Industrial Parks Forum held as part of the “Ukrainian Industrial Days,” presenting South Korean practices for promoting investment and developing industrial parks. He also participated in the opening of Trade Week 2021 in Seoul and attended the international food industry exhibition COEX Food Week Korea 2021, in which the Ukrainian company Gartner Ukraine participated.

As part of his work with the Ukrainian community in South Korea, Demchak participated in meetings with representatives of the Orthodox community in Seoul. During one of the meetings, the possibility of establishing a Sunday school for Ukrainian children at the church was discussed.