Korean economist named BIS adviser

Shin Hyun-song

Korean economist Shin Hyun-song was named economic adviser and head of the research unit of the Bank for International Settlements, the Swiss-based organization said on Tuesday.

It is the first time that the global banking organization headquartered in Basel has appointed a non-American, non-European to the key advisory post.

Shin became a professor of economics at Princeton University in 2006 and is currently on an unpaid leave of absence for his five-year term at the BIS.

The economist had also served as an adviser to then-President Lee Myung-bak on the Group of 20 Seoul Summit in 2010.

By Chung Joo-won  (joowonc@heraldcorp.com)