Farewell address
· Chang Yong Rhee, Governor of the Bank of Korea (South Korea)
Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates, trade, fragmentation and geopolitics, labour markets and jobs
CY · Chang Yong Rhee Wiki · Bank of Korea WikiFarewell addressContextFarewell address by Chang Yong Rhee, Governor of the Bank of Korea, on his departure from the Bank of Korea, Seoul, 20 April 2026.
Why it mattersThe outgoing Bank of Korea Governor reflects on four years of shocks and leaves a list of structural reforms.
Problems raised- The past four years brought unexpected shocks.
- Tariffs and Middle East tensions drove the exchange rate up.
- Korea needs deep structural reforms.
Solutions proposed- Introduce Korean-style forward guidance.
- Publish structural reform reports.
- Reform labour markets, education and pensions.
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