New Bank of Korea Governor Shin Hyun Song targets won reform
Shin Hyun Song took office as Bank of Korea Governor today with a plan to internationalize the won. He seeks to establish round-the-clock currency trading.
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Shin Hyun Song, a veteran economist known for predicting the 2008 financial crisis, has officially taken the helm of the Bank of Korea. His arrival marks the beginning of an ambitious effort to transform the won into a global currency, even as South Korea navigates a period of economic instability. Shin is tasked with dismantling the "financial fortress" he helped construct as a presidential adviser in 2010, aiming to modernize the nation's currency infrastructure.
