Korea Chair Monitor | Vol 2 Issue 5

The Korea Chair team takes a biweekly look back at events of interest in Washington, Seoul, and the region from March 6 - March 19, 2014.

TRADE AND ECONOMICS | Lee Ju-yeol Named New Governor of Bank of Korea
On March 3, President Park Geun-hye named Lee Ju-yeol, a retired 35- year veteran of the Bank of Korea as the new governor of the bank. He last served as the deputy governor under Kim Choong-soo before retiring in 2012 to teach at Yonsei University. During his career at the bank, he had worked at the research, foreign-exchange, and monetary policy divisions. National Assembly confirmation hearings will be held on March 19. Once the hearings are finished, his four-year term will begin on April 1.