Lee Ju Yeol Appointed New Bank of Korea Governor

In an expected move, South Korean President Park Geun-hye appointed Lee Ju Yeol as governor of the Bank of Korea. Lee, a veteran of the Bank of Korea, was a former senior deputy governor with 35 years of experience at the central bank. Lee served during the Asian financial crisis of 1997 as a forecaster.

He is replacing Governor Kim ChoongSoo whose 4-year term ends on March 31st. Kim appointed the first female deputy governor to the Bank of Korea, Suh Young Kyung.

South Korea is Asia’s fourth biggest economy.

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