Comment: Park Seung's term expires

Lee Seong-tae is likely to be confirmed as the new governor of the Bank of Korea next week. The incumbent governor, Park Seung, leaves the central bank calling for more independence from the government for his successor.

COMMENT BY CENTRALBANKNEWS

While the central bank's job will certainly be made easier if the perception of political interference can be reduced, many other problems remain.

In recent years the central bank's reputation has been tarnished by persistent rumours and uncertainty

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