BOK chief to attend BIS general assembly

The head of South Korea's central bank will head to Basel, Switzerland this week for the annual general assembly of the Bank for International Settlements (BIS), the Bank of Korea (BOK) said Wednesday.

BOK Gov. Lee Ju-yeol will depart Thursday to attend the 86th BIS General Assembly to be held over the weekend, according to the bank.

While in Basel, the South Korean top central banker will also attend the BIS Global Economy Meeting and the Meeting of the Asian Consultative Council where he will exchange views on current economic and financial conditions with his global and regional peers, it said in a press release.

The Asian Consultative Council consists of the central bank governors of 12 Asian economies, including Australia, China, Hong Kong, Japan and India.

Lee will return home on Tuesday.

The BIS is an international financial institution that serves as a bank for central banks, providing banking services only to central banks. It currently has 60 member central banks, including those of Britain, France and the United States. (Yonhap)