New Korea governor emphasises cooperation, but says independence “crucial”

Bank of Korea, Seoul

Kim Choong-soo, on Tuesday named the Bank of Korea's new governor, has said he regards the central bank's independence as "crucial", but noted that he would collaborate closely with the government.

Some analysts regard the appointment of Kim, now the country's representative as the OECD, as a hindrance to the central bank's autonomy.

The new governor attempted to allay those fears, terming independence "crucial" and price stability "key". "Just like any other central bank, the Korean central ban

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