National Assembly Finance Committee Adopts Personnel Hearing Report for Bank of Korea Governor Nominee Shin Hyunsong (Update)

Finance Committee Chair: "Domestic and Global Economic Situation Is Grave"

The Finance and Economy Planning Committee of the National Assembly adopted the personnel hearing report for Shin Hyun-song, the nominee for Governor of the Bank of Korea, on the 20th.

Scene from the full meeting of the Finance and Economy Planning Committee held at the National Assembly on the 20th. Photo by Yonhap News Agency

On the afternoon of the same day, the committee held its 5th full session at the National Assembly and approved the adoption of the hearing report for Shin's nomination. After holding the confirmation hearing for Shin on the 15th, the committee passed the agenda item five days later without a vote.

Previously, the committee had not adopted the report on the 15th, when the initial hearing was held, because the documents related to the nominee's child, who holds British nationality, were not submitted. On the 17th, allegations of illegal passport reissuance and violations of the Passport Act concerning the same child further delayed the adoption. Subsequently, after discussions between the ruling and opposition party secretaries, the agenda item was approved.

Im Ija, Chairperson of the Committee, explained at the meeting, "The domestic and global economic situation is severe," adding, "Many committee members agree that there should not be a vacancy in the position of Governor of the Bank of Korea." However, she stated that the controversy regarding the nominee's child would be included in the report.

Shin's term will begin on the 21st. On the morning of the 20th, Lee Chang-yong, the outgoing Governor of the Bank of Korea, held his farewell ceremony on his final day of work.

This content was produced with the assistance of AI translation services.