US EditionBIS Economist Shin Hyun-Song Named Bank of Korea Governor
Shin Hyun-song, nominated for Bank of Korea governor, brings global finance expertise amid inflation and growth risks linked to Middle East conflict, the Blue House said.
- On March 22, 2026, President Lee Jae Myung nominated Shin Hyun-song as the new Bank of Korea governor, announced by Lee Kyu-yeon in Seoul.
- To strengthen macro-financial oversight, Lee nominated Shin, citing 'As seen in the ongoing Middle East crisis, global and local economic challenges are increasingly interconnected. His international expertise is all the more relevant,' Lee said.
- Shin brings international academic and policy credentials, including leadership at the BIS, an Oxford University doctorate, and professorships at Princeton University and the London School of Economics, plus ties to the IMF and Federal Reserve Bank of New York.
- The nominee must undergo a parliamentary confirmation hearing, and if confirmed, Shin would chair the May monetary policy meeting and shape policy through 2030; lawmakers lack veto power, so the hearing is a formality.
- At 2.5%, the Bank of Korea has held rates steady amid rising oil prices and the Iran conflict, with Shin saying, 'If it's a supply shock... these are the textbook examples where you should look through and not react with monetary policy.
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BIS economist Shin Hyun-song tapped as next BOK governor
President Lee Jae Myung on Sunday tapped Shin Hyun-song, currently economic adviser and head of the Monetary and Economic Department at the Bank for International Settlements, as the nominee for the next Bank of Korea (BOK) governor. The nomination was announced at a briefing by Lee Kyu-yeon, presidential secretary for public affairs and communications. “Shin has built his career across both academia and leading global institutions such as Princ…
Channel News Asia
The Edge MarketsBIS economist Shin Hyun-song named Bank of Korea governor
SEOUL: South Korean economist Shin Hyun-song, best known for predicting the 2008 Global Financial Crisis, was named on Sunday (Mar 22) to head the central bank, facing inflation risk from the Iran war and uneven growth in Asia's fourth-largest economy.President Lee Jae Myung chose Shin, head of the economic d
Lee Nominates Shin Hyun-song, Director General of the Monetary and Economics Department at the Bank of Korea, as Candidate for Bank of Korea Governor. Shin has served at the IMF, the New York Federal Reserve, and as a professor at Princeton University, and was the International Economic Advisor to the Blue House under the MB administration. An authority on international finance and macroeconomics amidst the situation in the Middle East, he faces…
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