Bank of Korea governor Lee Ju-yeol has been elected to the board of the Bank of International Settlement.<br />At the BIS board of directors meeting in Switzerland on Sunday local time, governor Lee was elected as one of the members of the 18-person panel.<br />This makes Lee the first South Korean central bank governor to take a seat on the board of directors of the BIS, a financial institution made up of 60 central banks across the world to help maintain monetary and financial stability. <br />He will begin his three-year term starting January next year. <br />
