"Hawkish" Shin Hyun-song will become the new governor of the Bank of Korea and has a negative attitude towards the Korean won stablecoin

According to the British "Financial Times" report, South Korean President Lee Jae-myung has nominated Shin Hyun-song, director of the Monetary and Economic Bureau of the Bank for International Settlements (ShinHyunSong) is a candidate for the new governor of the Central Bank of Korea, the Bank of Korea. It is reported that Shin Hyunsong has a negative attitude towards Lee Jae-myung's government's push to link the Korean won to stablecoins, believing that in countries with sharp exchange rate fluctuations and vulnerable to capital outflows, stablecoins can easily become a tool for capital flight, and stablecoins pegged to their own currencies may accelerate this trend.