The Central Bank of Korea

The central bank of South Korea is the Bank of Korea. After the establishment of the Republic of Korea in 1948, the bank was founded on June 12, 1950, in accordance with the Korean Banking Act. The representative of Bank of Korea is its CEO, who is currently Lee Joo yeol, who took office in April 2014 and was re elected in April 2018. The central headquarters of the bank is located on Namdaemun Road in Jung gu, Seoul, the capital of South Korea. The Bank of Korea is mainly responsible for issuing Korean won (also known as ₩, ₩), and formulating and implementing monetary policies to maintain the stability of the currency and financial markets.

As the central bank of South Korea, the Bank of Korea is making every effort to contribute to the healthy development of the national economy by pursuing price and financial stability.

To this end, Korean banks are working hard to effectively implement monetary and credit policies, stabilize the financial system, and support seamless economic activities through the operation of payment systems, the issuance of banknotes and coins, and the holding and management of foreign currency assets.

Bank of Korea promises to live up to public expectations, fully demonstrate its strong capabilities, and elevate the Korean economy to a new level while ensuring macroeconomic stability.