Korea governor selection process under fire

Bank of Korea, Seoul

Lee Yong Sup, a member of the National Assembly and spokesman for the Democratic Party in South Korea, on Monday revealed plans to revise the Bank of Korea Act to allow wider consultation on the selection of the central bank's governor.

According to the Bank of Korea Act, the governor of the Bank of Korea is appointed by the president of the country, following deliberation by the State Council.

Lee said in a statement released today that this was not good enough. He called for there to be full p

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