Shin Hyun-song, nominee for Bank of Korea governor./Courtesy of News1

President Lee Jae-myung has approved the appointment of Shin Hyun-song as governor of the Bank of Korea, Kang Yu-jung, senior presidential spokesperson, said on the 20th.

Shin will take office on the 21st and begin a four-year term.

The National Assembly's Strategy and Finance Committee held a confirmation hearing for nominee Shin on the 15th and, after discussions, adopted the confirmation hearing report on the 20th.

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