Ex-BOK Deputy Lee Named to Head South Korea Central Bank

South Korean President Park Geun Hye nominated a Bank of Korea veteran to be the next governor, seeking to avoid controversies that have plagued past personnel picks and drive growth in Asia’s fourth-largest economy.

Lee Ju Yeol, 61, a former senior deputy governor with 35 years experience at the BOK, served during Asia’s 1997 financial meltdown, the ensuing won slump and bailout from the International Monetary Fund, a credit-card debt crisis and the global recession. Lee would replace Kim Choong Soo, whose four-year term ends March 31, the government said.