Choo Heung-Sik, head of the central bank’s reserve management group, is keeping an open mind to alternative opportunities and sees emerging markets as increasingly important.
The central bank has drawn a blank in its first recruitment effort for a global corporate bond head and has restarted the process. But its new CIO is set to start within a month.
The central bank is hoping to invest in Chinese securities as early as the first half of this year after becoming the first of three Korean government entities to receive a QFII licence.
South Korea's central bank is reorganising its reserve management team as it awaits the outcome of an application for a QFII quota of up to $300 million.
The central bank has opted for an internal promotion, contrary to initial indications about an external hire. Choo Heung Sik may start in this new role as early as this month.