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European Central Bank President Christine Lagarde will resign on Feb. 7, about nine months before her eight-year term ends, the ECB announced Thursday (Oct. 29). She informed the ECB's policy board and EU Council President Antonio Costa of her decision, with speculation pointing to a possible role at the World Economic Forum. The resignation opens the way for European leaders to choose a successor, with some reports noting the change comes during French President Emmanuel Macron's term amid political tensions. Korean media, including Yonhap and Maeil Business, are covering the move as a significant leadership shift for the eurozone.