South Korea sees no policy risk from board member replacement


SEOUL: South Korea’s central bank chief said he sees no monetary policy risk from the expected replacement of one of the bank’s seven-member board as all members currently share similar views about the economy.

Although Jang Byung-wha, senior deputy governor and a voting member of the bank’s Monetary Policy Board, is due to finish his three-year term on June 24, the remaining six board members do not differ in how they view the economy, the Bank of Korea governor Lee Ju-yeol said.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Korea , banks , board ,

   

Next In Business News

Sentral REIT records 1Q net income jump to RM19.9mil
Go Hub secures Bursa Malaysia's approval for listing on ACE Market
FBM KLCI drifts sideways in search of fresh leads
Grandtech Cloud Services welcomes Justin Tiew Senn as new APAC vice president
UOB posts small drop in quarterly profit, confident of maintaining key margin level
Singapore's MAS asks DBS to identify reasons for disruptions, The Strait Times reports
Ringgit opens lower against US$ amid Middle East tensions
CTOS prospects remain bright despite court ruling
FBM KLCI stays firm, but profit-taking pressures mount
S&P, Dow extend closing streaks despite Disney drag

Others Also Read