April 26, 2024
Economy
BOK names forex expert for key position
[THE INVESTOR] Korea’s central bank said on May 12 that it has named an expert on foreign exchange reserves as the new head of its Reserve Management Group.
Suh Bong-gook, director general at the International Department of the Bank of Korea, will be in charge of planning, investment and risk management of the country’s forex reserves, according to the BOK.
As of the end of April, the country’s forex reserves came to US$376.57 billion, up US$1.27 billion from the previous month, according to the BOK.
Suh worked at the BOK London office and the reserve management group before heading the BOK’s International Department.
By Alex Lee and newswires (alexlee@heraldcorp.com)
Suh Bong-gook, director general at the International Department of the Bank of Korea, will be in charge of planning, investment and risk management of the country’s forex reserves, according to the BOK.
As of the end of April, the country’s forex reserves came to US$376.57 billion, up US$1.27 billion from the previous month, according to the BOK.
Suh worked at the BOK London office and the reserve management group before heading the BOK’s International Department.
By Alex Lee and newswires (alexlee@heraldcorp.com)
