Hyun Song Shin nominated as Bank of Korea governor
BIS’s former top economist says he will helm central bank at ‘critical juncture’
The Bank for International Settlements’ former top economist, Hyun Song Shin, has been nominated to lead South Korea’s central bank.
President Lee Jae-myung nominated Shin for the role on March 22, according to a statement. Shin will replace Rhee Chang-yong when his term expires on April 20.
Shin’s duties at the BIS ceased as of March 22, according to a statement issued that day by the institution. He had most recently headed the BIS’s economic and monetary department.
Shin said the appointment
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