rhee chang-yong

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Temas relacionadosbank of korea central bank monetary policy structural reform shin hyun-song inflation south korea economy bis

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Outgoing BOK Governor Rhee Calls for Broader Central Bank Role in Addressing Structural Challenges

NOTICIA

20/4/2026Resumen IA

Outgoing BOK Governor Rhee Calls for Broader Central Bank Role in Addressing Structural Challenges

Outgoing Bank of Korea Gov. Rhee Chang-yong said achieving economic stability and growth through monetary and fiscal policy alone has become increasingly difficult, calling for a broader central bank role in addressing long-term structural challenges. Speaking at his farewell ceremony in Seoul, Rhee highlighted structural problems including excessive reliance on specific industries and polarization. He urged the BOK to go beyond monetary policy to become the nation's leading think tank on issues like education, housing, balanced regional development, youth employment and elderly poverty. His successor Shin Hyun-song begins his term Tuesday.

Yonhap News

NOTICIA

20/4/2026Resumen IA

Outgoing BOK Governor Rhee Calls for Broader Central Bank Role in Addressing Structural Challenges

Outgoing Bank of Korea Gov. Rhee Chang-yong concluded his four-year term Monday, warning that achieving economic stability through monetary and fiscal policy alone has become increasingly difficult. Speaking at his farewell ceremony in Seoul, Rhee called for the BOK to expand its role beyond traditional central banking to address structural challenges like education, housing, regional imbalance, youth unemployment and elderly poverty. He highlighted achievements including bringing inflation to the 2 percent range and chairing the BIS Committee on the Global Financial System. Governor-designate Shin Hyun-song is set to take office Tuesday pending parliamentary approval.

Yonhap News