Basel: Bank of Korea (BOK) Gov. Shin Hyun-song will depart for the Swiss city of Basel this week to attend meetings with central bank governors from member nations of the Bank for International Settlements (BIS), his office said Friday. During his five-day visit starting Saturday, Shin is scheduled to join fellow central bank chiefs from BIS members in discussions on recent developments in the global economy and financial markets through the Global Economy Meeting, the Meeting of Governors from Major Emerging Market Economies and the Meeting of Governors, according to the BOK.

According to Yonhap News Agency, this marks Shin's first official overseas trip since taking office last month. Shin previously held the position of head of the monetary and economic department at the BIS before being appointed governor of the South Korean central bank by President Lee Jae Myung in March.