The Bank of Korea was established on June 12, 1950, following the passage of the Bank of Korea Act on May 5 of that year, to serve as the central bank of Korea with the purposes of stabilizing the value of the national currency, promoting the soundness of the banking and credit systems, and developing the Korean economy.

1. This is an unofficial translation prepared by the Bank's staff based on the original Korean text released on March 29, 2024.

Feb 29, 2024 · Payment System in Korea; Bank of Korea : Organization & Functions; Bank of Korea : A Seventy-Year History; Korean Price Statistics Overview; Documents. Payment and Settlement Systems. Statistics and Publications; Securities Custody Services for overseas official; Foreign Exchange System. FX Market Stabilization Measure; Improvement Measure of ...

Special banks are financial institutions established under a special act rather than the Banking Act, and their main enterprises are banking businesses. Specialized banks include the Korea Development Bank, the Export-Import Bank of Korea, the Industrial Bank of Korea, Nonghyup Bank, Suhyup Bank, and others. Non-bank Depository Institutions

Jan 16, 2025 · The Monetary Policy Board of the Bank of Korea decided today to leave the Base Rate unchanged at 3.00% for the intermeeting period. While inflation stabilization has continued along with an ongoing slowdown in household debt, downside risks to economic growth have intensified and the volatility of exchange rates has increased due to the ...

Oct 7, 2024 · Payment System in Korea; Bank of Korea : Organization & Functions; Bank of Korea : A Seventy-Year History; Korean Price Statistics Overview; Documents. Payment and Settlement Systems. Statistics and Publications; Securities Custody Services for overseas official; Foreign Exchange System. FX Market Stabilization Measure; Improvement Measure of ...

Enhancing public understanding of the Bank of Korea’s policies and functions, formulating PR strategies, publishing the Annual Report, and developing and managing the central bank’s web site, Managing and operating the Bank of Korea Money Museum and Gallery, and holding the annual Monetary Policy Challenge, Planning and managing the ...

The Bank of Korea’s leadership consists of the following: the Monetary Policy Board, which deliberates and decides on matters related to monetary policy and the operations of the Bank; the executive body, comprising the Governor, the Senior Deputy Governor, the Deputy Governors, the head office divisions, domestic branches, etc.; and the Auditor, whose role is …

Sep 2, 2024 · Korea System of National Accounts; Payment System in Korea; Bank of Korea : Organization & Functions; Bank of Korea : A Seventy-Year History; Korean Price Statistics Overview; Documents. Payment and Settlement Systems. Statistics and Publications; Securities Custody Services for overseas official; Foreign Exchange System. FX Market ...

Jul 8, 2022 · Bank of Korea Annual Report Monetary Policy Financial Stability Economic Recovery 담당부서 Communication Planning & Coordination Team (02-759-4759, 5313 )