
The London-based magazine selected the outstanding finance ministers for five regions including the Americas, Europe, Asia Pacific, Africa, and the Middle East.
Korn was first chosen to be the "Finance Minister of the Year" for the Asia Pacific region and was then given the global award respectively.
The magazine complimented the Thai minister on his financial management skills as he assumed the finance minister position of Thailand amid the economic stagnation. In addition, he was given credits for his contributions to promote and enhance financial and economic cooperation in Asean.
Other four finance ministers receiving the awards are Luis Carranza from Peru for Americas, Jacek Rostowski from Poland for Europe, Charles Koffi Diby from Côte d'Ivoire (the Ivory Coast) for Africa, and Youssef Boutros-Ghali from Egypt for the Middle East.