President Lee Approves Appointment of Shin Hyunsong as Bank of Korea Governor

by Kang Nahum

Published 20 Apr.2026 21:24(KST)

Inauguration Ceremony Set for the 21st

Shin Hyunsong, nominee for Governor of the Bank of Korea, is speaking at the confirmation hearing held by the National Assembly's Finance and Economy Planning Committee on April 15, 2026. Photo by Kim Hyunmin

President Lee Jaemyung has given final approval to the appointment of Shin Hyun-song as Governor of the Bank of Korea.

Kang Yujeong, Chief Presidential Spokesperson, announced this on April 20, stating, "Shin Hyun-song's appointment will take effect tomorrow (the 21st)."

Previously, the National Assembly's Finance and Economy Planning Committee adopted the confirmation hearing report for Shin by bipartisan agreement. The report included a minority opinion addressing the controversy over alleged violations of the passport law by Shin's child, which arose during the confirmation process.

Shin earned his doctorate in economics from Oxford University in the United Kingdom and previously served as a professor at the London School of Economics and at Princeton University in the United States. He later worked as a financial advisory board member at the Federal Reserve Bank of New York and as a resident scholar at the International Monetary Fund (IMF). In 2010, during the Lee Myung-bak administration, he served as the President's Advisor for International Economics at the Blue House.

On March 22, the Blue House explained President Lee's nomination by describing Shin as "a world-renowned authority in international finance and macroeconomics, possessing both academic depth and practical insight."