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New central banker in Seoul

New central banker in Seoul

(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.
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