(South Korea) – South Korea has named a new central bank governor in the head of a Government body overseeing taxpayer-financed reforms.Park Seung, a 66-year-old veteran bureaucrat, is not expected to make quick significant changes to policy in replacing Chon Chol-hwan at the Bank of Korea in April.
Park currently chairs the Government’s Public Fund Oversight Committee, a body under the Finance Ministry, which monitors how taxpayers’ money is used to fund financial and corporate sector reforms.