On the 23rd, President Moon Jae-in abruptly nominated Lee Chang-yong, director of the International Monetary Fund (IMF) Asia Pacific Bureau, as the nominee for the governor of the Bank of Korea. In the context of conflicts with President-elect Yoon Seok-yeol over the right to personnel appointments in public institutions, it was made clear that the right to personnel rests with the ‘incumbent president’.
However, this candidate is known to have coordinated the nomination with Yoon-elect’s side. It is interpreted to have the meaning of respecting the views of President-elect Yoon, and also the meaning of urging President-elect Yoon and President-elect Yoon to meet quickly.
Park Soo-hyun, senior presidential secretary for public communication at the Blue House, said at a briefing, “President Moon has nominated Lee as the candidate for governor of the Bank of Korea today.” Candidate Lee Joo-yeol, who was nominated as Governor of the Bank of Korea Lee Ju-yeol, is appointed through a personnel hearing at the National Assembly.
Candidate Lee is an expert in economics and finance, serving as the director of the Asia-Pacific Bureau of the International Monetary Fund following serving as vice chairman of the Financial Services Commission, chief economist of the Asian Development Bank, and others. Park said, “I expect that it will contribute to stabilizing the domestic financial market with a wealth of knowledge and experience across the economy, finance, and finance, and a sense of global network.”
The appointment was announced in the midst of a confrontation between President Moon and the elected Yoon over the personnel rights of the Bank of Korea governor, audit committee member of the Board of Audit and Inspection, and standing member of the National Election Commission. In fact, it seems to be a call to unravel the tangled thread of the conflict while accepting the demands of President-elect Yoon. It also seems to have a warning meaning that ‘the Blue House can give the remaining greetings at any time’.
A high-ranking official at the Blue House said, “In order to minimize the gap between the governor of the BOK and the president-elect, the nominees were announced following hearing the opinions of the elected president.” Regarding the meeting between President Moon and President-elect Yoon, he said, “President Moon made a statement today to the effect that the meeting should be held at any time and without conditions.”
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