Korea Joongang Daily
Korea JoongAng Daily

President Lee taps BIS monetary head Shin Hyun-song to be next BOK governor

President Lee Jae Myung on Sunday tapped Shin Hyun-song, head of the Monetary and Economic Department at the Bank for International Settlements (BIS), as the new governor to lead the Bank of Korea (BOK).

2026-03-22

Debt-to-GDP hit all-time high in of 47.2% Q1: BOK

Korea's government debt-to-GDP ratio hit an all-time high in the first quarter of this year at 47.2%, raising concerns about the rapid pace of public debt growth as the government looks to inject more fiscal spending to revive economic momentum.

2025-09-17

U.S. Commerce Dept. issues new export controls for quantum computing, chip making

The U.S. Commerce Department’s Bureau of Industry and Security released a new export control guideline on advanced technologies related to quantum computing and chip manufacturing, a measure designed to restrict technological availability to China.

2024-09-06

BOK's digital currency project aligns with future monetary system, says BIS chief

Korea needs to establish a digital infrastructure and regulatory frameworks for their central bank digital currency (CBDC) projects, says BIS General Manager Agustin Carstens.

2023-11-23

Financial institutions band together for Korean digital currency trial

The Bank of Korea (BOK), financial regulators and the Bank for International Settlements (BIS) will cooperate in testing the commercialization of Central Bank Digital Currency (CBDC) with the goal of developing a future monetary system.

2023-10-04

Korean companies get gloomier for fifth month in a row

Korean companies' optimism declined in October for the fifth month in a row.

2022-10-26

BOK Governor Rhee made director of BIS

Bank of Korea Governor Rhee Chang-yong has been named a director of the Bank for International Settlements (BIS), an international financial institution that serves as a bank for central banks.

2022-05-10

Manufacturers are starting to feel optimistic

Confidence among manufacturers hit a 27-month high as vaccinations promise to bring the world out of the Covid catastrophe.

2021-04-04