Bank of Korea appoints Lee Sang-hyung as new Deputy Governor and Director of Monetary Policy Bureau

Overall Management of Policy Responses Including Interest Rate Cuts After COVID-19

[Asia Economy Reporter Jang Sehee] The Bank of Korea announced on the 21st that it has appointed Lee Sanghyeong, Director of the Monetary Policy Department, to the position of Deputy Governor, which has been vacant following the departure of Governor Lee Ju-yeol. The term of the new Deputy Governor will last until July 21, 2024.

Deputy Governor Lee graduated from Busan Dongcheon High School and earned both a bachelor's and master's degree in International Economics from Seoul National University. He also obtained a master's degree in Business Administration from KAIST. Since joining the bank in 1993, he has built most of his career in the Monetary Policy Department and the Financial Markets Department, establishing himself as an expert in monetary and financial matters.

He has gained diverse work experience in various fields, including serving as a policy advisor to the Governor, assistant to the Monetary Policy Committee, and a secondment to the Ministry of Foreign Affairs and Trade. After the spread of COVID-19 last year, he oversaw policy response tasks as Director of the Monetary Policy Department, including lowering the base interest rate and expanding financial intermediary support loans.

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