New Bank of Korea Chief Vows Cautious Monetary Policy
The new chief of the Bank of Korea has taken office, pledging to implement a cautious and flexible monetary policy. This approach is deemed necessary amidst uncertain inflation, economic growth, and global risks, including the Middle East crisis.
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New BOK chief takes office amid uncertain inflation, growth
Bank of Korea Gov. Shin Hyun-song, former head of the Monetary and Economic Department at the Bank for International Settlements, took office on Tuesday, signaling a new era for the central bank amid what he called a “time of great transformation.” President Lee Jae Myung approved Shin’s appointment Monday, after the National Assembly's Strategy and Finance Committee endorsed the confirmation hearing report earlier that day. His four-year term will run until April 20, 2030. "We have to ask what
By The Korea Herald
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