S Korea appoints Park Seung new c bank governor

SOUTH KOREA - South Korea's President Kim Dae-jung Tuesday appointed Park Seung as the successor to Bank of Korea Governor Chon Chol-hwan, the presidential Blue House said.

Chon's four-year term ends March 31.

The announcement came after Kim's cabinet earlier Tuesday approved Park's nomination. Although the central bank runs independently from other government agencies, the president selects and names the governor.

Park has "broad knowledge and rich experiences" in the fields of finance and

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