BOK chief to attend BIS meetings this weekend

South Korea's central bank said Friday its governor Lee Ju-yeol is set to attend bimonthly meetings of the Bank for International Settlements in Switzerland this weekend.

Lee is scheduled to leave for the northwestern Swiss city of Basel on Saturday to exchange views with his counterparts from major economies on global economic and financial market conditions at the two days of meetings that will be held Sunday and Monday, according to the bank.

Lee is set to return home Wednesday.

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 and monetary authorities, including those of Britain, France and the United States.