Former deputy nominated as Bank of Korea governor

Bank of Korea, Seoul

The South Korean president has nominated Lee Ju-yeol, a former Bank of Korea deputy governor, to head the central bank when Kim Choong-soo's term ends on March 31.

Lee served as a deputy governor under Kim between 2009 and 2012, before leaving to become an economics professor at Yonsei University in Seoul. He spent a total of 35 years at the central bank.

He was widely considered to be a ‘hawk' during his time on the monetary policy committee (MPC). The committee has held the benchmark rate at 2

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