Kim Choong-soo, the country's representative to the Organisation for Economic Cooperation and Development (OECD) was late on Tuesday named the Bank of Korea's (BoK) new chief.

The choice of Kim, a former government policy adviser, has created concerns over the effect it may have on the inflation-targeting central bank. "He is a very government-oriented person, and he is not an inflation fighter. The main challenge going forward is pressure from the government and the Blue House [presidential