March 3, 2014 / 5:46 AM / 3 years ago

S.Korea picks deputy chief as new governor

SEOUL, March 3 (Reuters) - South Korea's president on Monday nominated a former senior deputy chief of the central bank to be its next governor, with the mission of ensuring price stability in Asia's fourth-largest economy.

President Park Geun-hye named Lee Ju-yeol, 61, to succeed Kim Choong-soo as the governor of the Bank of Korea from April 1 after Kim steps down at the end of his term, the presidential office said in a statement.

Parliament will hold a public hearing on Lee's appointment. Although it has no right to block the appointment, the hearing can still influence public opinion. (Reporting by Choonsik Yoo and Se Young Lee; Editing by Kim Coghill)

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