Korean deal on monetary board seats criticised

Two organisations that control two seats of the Bank of Korea' s seven-member monetary-policy board, have criticized recent moves by the Ministry of Finance and Economy and the BOK to take over their rights to appoint board members.

Source: Korea Herald

With a decision on bestowing the Bank of Korea greater authority drawing close, affected non-governmental organizations are challenging the developments that could lead to a loss of their influence on monetary policy.

Two business organizations,

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