President approves nomination of Shin Hyun-song as BOK governor

South Korean President Lee Jae Myung on Monday approved the appointment of Shin Hyun-song as governor of the Bank of Korea, according to Cheong Wa Dae. Shin’s appointment will take effect Tuesday, when he is set to begin his term, succeeding outgoing Gov. Rhee Chang-yong, whose term ended Monday. Earlier in the day, the National Assembly’s Strategy and Finance Committee approved a confirmation hearing report during its plenary session through a bipartisan agreement, five days after Shin’s hearin

By The Korea Herald