New South Korean regulator named

Roh Moo-hyun, South Korea's president, named Yoon Jeung-hyun, a director of the Asian Development Bank, as the new head of the country's top financial regulator this week.

Mr Yoon will succeed Lee Jung-jae, former chairman of the Financial Supervisory Commission (FSC), who resigned following criticism of failing to tackle a credit card disaster which left households crippled with debt and lenders mired in bad loans, the Financial Times said.

The presidential Blue House said Mr Yoon's financial