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flag South Korea appoints economist Shin Hyun-song, famed for predicting the 2008 crisis, as new central bank governor to tackle inflation and debt.

flag South Korea has appointed economist Shin Hyun-song, known for predicting the 2008 financial crisis, as its next central bank governor, succeeding Rhee Chang-yong on April 20. flag The Blue House announced the move on March 22, 2026, citing Shin’s global economic expertise amid rising national debt and inflation concerns. flag Shin, currently head of the economic department at the Bank for International Settlements, will face challenges including high household debt, uneven growth, and global supply disruptions. flag He is expected to balance inflation control with economic stimulus during his four-year term.

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