South Korean President Lee Jae Myung has appointed economist Shin Hyun-song as the new Bank of Korea governor. Shin, renowned for his accurate prediction of the 2008 Global Financial Crisis, will take over from current governor Rhee Chang-yong on April 20 to address surging national debt and promote economic growth in Asia’s fourth-largest economy.
The logo of the Bank of Korea is seen in Seoul, South Korea, November 30, 2017. REUTERS/Kim Hong-Ji