[South Korean President Nominates Shin Hyun-song as Candidate for New Governor of the Bank of Korea] According to the Financial Times, South Korean President Lee Jae-myung has nominated Shin Hyun-song, head of the Monetary and Economic Department at the Bank for International Settlements, as the candidate for the new governor of the Bank of Korea. Shin Hyun-song holds a negative stance on stablecoins pegged to the Korean won, believing that in countries with high exchange rate volatility and susceptibility to capital outflows, stablecoins could become tools for capital flight and accelerate related trends.