Former Bank of Korea governor Chon Chol Hwan dies

Chon Chol Hwan, former Bank of Korea governor, has died after an illness, aged 65, Bloomberg reported, citing South Korean central bank's press office.

Chon was chairman of the South Korean Public Fund Oversight Committee, which is in charge of the sale of government assets. He was governor of the central bank from 1998 to 2002 and was succeeded by current Governor Park Seung.

Chon had run the central bank since it gained independence from the government in 1998 under conditions imposed by the