Bank of Korea Governor: "Prior Explanation for Removal of Foreign Exchange Reserve Ranking"... Controversy Over False Explanation
5 Articles
5 Articles
(Seoul = Yonhap News) Reporters Han Ji-hoon and Chae Sae-rom = Bank of Korea Governor Shin Hyun-song said on the 12th, regarding the measure to keep South Korea's international ranking of foreign exchange reserves private, "(The) actual... (of statistical publication)
On the 12th, it was pointed out that there was insufficient explanation due to the reduction in effectiveness of the Shin Hyun-song Foreign Exchange Reserve Ranking Table and the Bank of Korea subtracted the ranking table for foreign exchange reserves by country, which had been published in press releases for over 25 years. Governor Shin Hyeon-song Han explained that the effectiveness of the leaderboard has decreased, but with the people
In reality, arbitrarily deleted without explanation. Reporters Han Ji-hoon and Chae Sae-rom = Bank of Korea Governor Shin Hyun-song stated on the 12th regarding the measure to keep Korea's international ranking of foreign exchange reserves private, "It is because the effectiveness (of publishing statistics) has significantly decreased." On this day, Governor Shin...
[Digital Daily Reporter Kim Nam-gyu] Bank of Korea Governor Shin Hyun-song explained the reason for excluding the ranking of foreign exchange reserves by country from press releases, which had been disclosed for over 25 years, stating, "It is because its effectiveness has significantly diminished." The implication is that it is difficult to judge a country's foreign exchange soundness based solely on the ranking of reserves. Governor Shin made …
Bank of Korea Governor Shin Hyun-song stated during a parliamentary audit on the 12th that he had "explained to reporters in advance" regarding the removal of the international ranking of foreign exchange reserves; however, it has been revealed that the data was actually removed without prior explanation, and the issue only surfaced through media reports, sparking controversy over a false explanation. Governor Shin was pressed by Representative…
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