New BOK governor named

President Roh Moo-hyun on Thursday 23 March appointed Lee Seong-tae, deputy governor of the Bank of Korea (BOK), as the new governor, his office Cheong Wa Dae announced.

Lee, 61, will succeed current BOK governor Park Seung, whose four-year term is to expire at the end of this month, it said.

After joining the central bank in 1968, following graduation from Seoul National University's College of Commerce, Lee has held major posts with the BOK.

He worked in the bank's departments of monetary policy

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