Bank of Korea is the national central bank of the Republic of Korea (South Korea). Established on June 12, 1950, the central bank pursues price stablity by means of issuing bank notes and coins, promulugating monetary policy, auditing city banks and so on. The executives, consisting of a Governor, a Deputy Governor, and 5 Assistant Governors, manage departments in the head office and 16 regional branches. Additionally, the Audit Department belongs to the Monetary Policy Committee of the Diet. Park Seung was appointed Governor in 2002. The head office is located at Namdaemun Street, Jung-Gu, Seoul. Hangul is the native alphabet used to write the Korean language, as opposed to the Hanja system borrowed from China. ... Hanja (lit. ... The Revised Romanization of Korean is the official Korean language romanization system in South Korea. ... McCune-Reischauer is one of the two most widely used Korean language romanization systems, along with the Revised Romanization of Korean, which replaced McCune-Reischauer as the official romanization system in South Korea in 2000. ... June 12 is the 163rd day of the year in the Gregorian calendar (164th in leap years), with 202 days remaining. ... 1950 was a common year starting on Sunday (link will take you to calendar). ... A £20 Ulster Bank banknote. ... This article is about monetary coins. ... Monetary policy is the process of managing a nations money supply to achieve specific goals—such as constraining inflation, achieving full employment or more well-being. ... Seoul is the capital of South Korea and was, until 1945, the capital of all of Korea. ...
Bank of Korea is historically derived from the central bank of Colonial Korea (1910-1945), Joseon Eunhaeng in Korean or Chosen Ginkou in Japanese. The Japanese-controlled Bank of Korea was dissolved by the Allied Occupation Forces in 1945, and its assets were transferred to the current Bank of Korea, the Central Bank of Korea in Pyongyang and a private Japanese bank. 1945 was a common year starting on Monday (link will take you to calendar). ... Pyŏngyang (Pyeongyang) is the capital city of North Korea, located in the northwest of the country, near the Taedong River. ...
External links
Official Bank of Korea site (http://www.bok.or.kr/popup/main_popup.jsp?pop_id=IN0000035316)(English)
Bank of Korea is the national central bank of the Republic of Korea (South Korea).
Bank of Korea is historically derived from the central bank of Colonial Korea (1910-1945), Joseon Eunhaeng in Korean or Chosen Ginkou in Japanese.
The Japanese-controlled Bank of Korea was dissolved by the Allied Occupation Forces in 1945, and its assets were transferred to the current Bank of Korea, the Central Bank of Korea in Pyongyang and a private Japanese bank.
Monetary policy and the role of the Bank of Korea (BOK) were among the most contested and hotly debated issues in the financial and economic crisis of Korea in 1997 and 1998.
The history of modern central banking in Korea is closely related to the growing Japanese influence in Korea in the early 20th century.
Chapter 5, entitled "Economic Development and the Bank of Korea," which relates the history of the BOK to the economic development of South Korea, is as long as the four previous chapters together.
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