[2026 Parliamentary Audit] Shin Hyunsong: "BIS Experience... Breaking Down Departmental Silos Is a Management Principle"

With domestic and global economies and finance intertwined,
a siloed operating model between departments is inappropriate.

Bank of Korea Governor Shin Hyun-song cited “a horizontal operating model that breaks down silos between departments” as a guiding principle for leading the Bank of Korea.

Bank of Korea Governor Shin Hyun-song answers lawmakers' questions during a parliamentary audit by the National Assembly's Finance and Economy Planning Committee at the Bank of Korea in Jung-gu, Seoul, on the 12th. Joint coverage by Yonhap News.

Speaking at the National Assembly Strategy and Finance Committee’s parliamentary audit of the Bank of Korea at the central bank in Jung-gu, Seoul, on October 12, Shin said, “What I remember from my time at the Bank for International Settlements (BIS) is that operations between departments were conducted horizontally, without silos.” He added, “Of course, it was a considerably smaller organization than the Bank of Korea, but I believe a siloed operating model is inappropriate when, as is the case today, so many issues are interconnected: the domestic and global economies, domestic and global finance, exchange rates, and bonds.”

“Talent is, of course, important in an organization, but how you manage that talent is also important,” he said, emphasizing, “I am managing the organization according to the principle that we need to break down silos between departments.”

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