BOK chief nominee Shin vows to sell foreign assets amid controversy

Shin Hyun-song, the Bank of Korea governor nominee, said Monday he has already sold a significant portion of his foreign currency-denominated financial assets and plans to further reduce his exposure. Shin made the remarks in written responses submitted to the National Assembly ahead of his confirmation hearing scheduled for Wednesday, after critics said his portfolio, heavily weighted toward foreign assets, could pose a potential conflict of interest for a future head of the foreign exchange au