Shin promotes novel approaches in inaugural address at BoK
Ex-BIS chief economist formally appointed head of South Korean central bank
Hyun Song Shin has outlined the need for novel approaches to central banking amid “profound uncertainty and change”, as he formally took office as governor of the Bank of Korea.
In a speech following his inauguration today (April 21), Shin said that under his leadership the BoK would conduct flexible and prudent monetary policy, and approach financial stability from a new standpoint. South Korea’s central bank would also work to preserve trust in money and boost the won’s international usage
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