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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