SEOUL: South Korean economist Shin Hyun-song, best known for predicting the 2008 Global Financial Crisis, was named on Sunday (Mar 22) to head the central bank, facing inflation risk from the Iran war and uneven growth in Asia's fourth-largest economy. President Lee Jae Myung chose Shin, head of the economic department at the Bank for International Settlements, dubbed the central bank for the world's central banks, to replace Bank of Korea Governor Rhee Chang-yong when his term ends on Apr 20. "

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