SEOUL (Reuters) – South Korea’s central bank said on Wednesday Chang Yong-sung and Park Chun-sup have been nominated as its new monetary policy board members.
The Governor of the Bank of Korea nominated Chang, Director of the Seoul National University Institute for Research in Finance and Economics, as replacement for current board member Park Ki-young, whose term ends on April 20.
The Chairman of the Financial Services Commission nominated Park Chun-sup, current Secretary General of the Korean Sport and Olympics Committee and former Administrator of the Public Procurement Service, as replacement for Joo Sang-yong, whose term expires on the same date.
The two nominees will start their four-year terms as the central bank’s new monetary policy board members upon completion of the prescribed procedure, the Bank of Korea said.
(Reporting by Jihoon Lee; Editing by Muralikumar Anantharaman)
