Bank of Korea Nominee's Foreign Assets Raise Conflict of Interest Concerns

BOK nominee’s foreign-heavy assets draw conflict concerns

Bank of Korea governor nominee Shin Hyun-song holds more than half of his assets overseas, with nearly all of his financial assets denominated in foreign currencies — a structure that is drawing scrutiny over possible conflicts of interest related to exchange rate policy, data showed Sunday. According to a disclosure submitted to the National Assembly, Shin and his immediate family hold total assets of 8.24 billion won ($6.1 million), of which 4.59 billion won, or 55.5 percent, is held overseas.

By The Korea Herald