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South Korea appoints economist Shin Hyun-song, famed for predicting the 2008 crisis, as new central bank governor to tackle inflation and debt.
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.
The Blue House announced the move on March 22, 2026, citing Shin’s global economic expertise amid rising national debt and inflation concerns.
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.
He is expected to balance inflation control with economic stimulus during his four-year term.
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Corea del Sur nombra al economista Shin Hyun-song, famoso por predecir la crisis de 2008, como nuevo gobernador del banco central para abordar la inflación y la deuda.