South Korea Names BIS Veteran as New Central Bank Governor

South Korea nominated Shin Hyun Song as the nation’s next central bank governor, charging the senior Bank for International Settlements official with steering monetary policy at a time of growing uncertainty due to the conflict in Iran.

The office of President Lee Jae Myung announced the appointment of Shin to lead the Bank of Korea on Sunday. The nominee has served since 2014 as economic adviser and head of the BIS Monetary and Economic Department in Basel, and has many decades of experience across academia, global policy making and financial stability research.