(LEAD) Lee appoints BOK governor after parliamentary confirmation
2026.04.20 21:41
(LEAD) Lee appoints BOK governor after parliamentary confirmation
(ATTN: UPDATED with president's approval in paras 1-3; CHANGES headline)
SEOUL, April 20 (Yonhap) -- President Lee Jae Myung on Monday approved the appointment of Shin Hyun-song as governor of the Bank of Korea (BOK) after his parliamentary confirmation report was adopted through bipartisan agreement, the presidential office said.
With the approval, Shin will take office starting Tuesday.
Earlier in the day, the National Assembly's strategy and finance committee adopted a confirmation hearing report for Shin following his hearing last Wednesday.
Opposition lawmakers had taken issue with allegations that Shin's daughter, a British national, was illegally re-issued a South Korean passport.
"Many committee members shared the view that there shouldn't be a vacuum in the Bank of Korea's governorship as the domestic and external economic conditions are severe," said Rep. Lim Lee-ja of the main opposition People Power Party, who heads the committee.
It marked the first time a confirmation hearing report for a BOK chief nominee was not adopted on the day of the hearing since 2014, when the position became subject to the appointment procedure.
Outgoing BOK Gov. Rhee Chang-yong completed his four-year term earlier in the day.
yunhwanchae@yna.co.kr
(END)
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