South Korea appoints BIS's Shin Hyun-song as new central bank governor

South Korea has named Shin Hyun-song, a Bank for International Settlements executive and stablecoin skeptic, as the next governor of the Bank of Korea. His appointment may delay or complicate government plans to launch a won-pegged stablecoin, a major policy under President Lee Jae-myung. Stakeholders will closely watch whether Shin's views evolve after taking office in April, influencing the country's crypto regulatory direction.