President Lee Jae Myung on Sunday nominated Shin Hyun-song, head of the Monetary and Economic Department at the Bank for International Settlements, as the next governor of the Bank of Korea (BOK), the Blue House said. Shin is set to succeed current governor Rhee Chang-yong when his term ends next month.

Shin has served as a professor at Princeton University and held roles at the International Monetary Fund and the Federal Reserve Bank of New York. The Blue House described him as a globally recognized authority in international finance and macroeconomics, with both academic and policy experience.

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