Governor wants freer thinking at 65-year-old Bank of Korea

Juyeol Lee

The Bank of Korea will struggle to develop "effective policy measures" if it relies on "past practices and experience alone", governor Juyeol Lee said on June 12, signalling his desire to create a new mindset at the institution.

The South Korean central bank just turned 65, but the governor's speech to mark the anniversary urged its staff members to break with the conventions of the past. Lee emphasised the need to be "more flexible and more positive", rather than waiting for orders from manager

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