"Hawkish" Shin Seung-sung will serve as the new governor of the Bank of Korea, expressing a negative stance toward the Korean won stablecoin.

2026-03-28 04:47:16

According to Golden Finance, the British Financial Times reported that South Korean President Lee Jae-myung has nominated the “pragmatic hawk” Shin Hyun Song, Director of the Monetary and Economic Department of the Bank for International Settlements, as the candidate for the new governor of the Bank of Korea. It is reported that Shin Hyun Song has a negative attitude towards the Lee Jae-myung government’s push for a won-pegged stablecoin, believing that in a country with severe exchange rate fluctuations and vulnerability to capital outflows, stablecoins can easily become a tool for capital flight, and stablecoins pegged to the domestic currency may accelerate this trend.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes