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Bank of Korea (BOK)

Bank of Korea (BOK) logoThe Bank of Korea (BOK) is the central bank of South Korea. The primary purpose of the Bank is the pursuit of price stability.

The Bank sets a price stability target in consultation with the Government and draws up and publishes an operational plan including it for monetary policy.

The Bank performs the typical functions of a central bank, issuing banknotes and coins, formulating and implementing monetary and credit policy, serving as the bankers' bank and the government's bank. In addition, the Bank of Korea undertakes the operation and management of payment/settlement systems, and manages the nation's foreign exchange reserves. It also exercises certain bank supervisory functions stipulated in the Bank of Korea Act.

Further information about Bank of Korea (BOK) can be found at eng.bok.or.kr
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Headquarter Seoul, Korea
Key People Ju-yeol Lee (Governor)
Head Office 39 Namdaemunno (110, 3-Ga, Namdaemunno), Jung-Gu, Seoul 100-794
Phone 82-2-759-4114
Fax 82-2-759-4060
Website eng.bok.or.kr
SWIFT Code BOKRKRSE
Founded 1950
ID: 156. Updated: 10.03.2017
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