Bank of Korea was established on June 12, 1950 under the Bank of Korea Act. Bank of Korea was originally established with a capital of 1.5 billion won, all of which was subscribed by the Government, but the amendment of Bank of Korea Act in 1962 made the Bank a special juridical person having no capital.

The primary purpose of the Bank, as prescribed by the Act, 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.

To this end, 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, Bank of Korea undertakes the operation and oversight of the payment and settlement systems, and manages the nation's foreign exchange reserves. It also conducts supervisory functions for financial institutions as stipulated in Bank of Korea Act.

Banking

Bank of Korea

Bank of Korea's headquarters in Seoul, Republic of Korea

This department oversees operations and coordinates activities to ensure organizational efficiency.

Management

This department conducts research and analysis on economic trends and policies.

Economic Analysis

This department focuses on analyzing economic trends and providing insights to inform monetary policy decisions.

Economic Research

This department provides strategic direction and governance for the organization.

Executive Leadership

This department oversees the operation and strategic direction of branch locations.

Branch Management

This department focuses on leveraging data analytics and innovative digital solutions to enhance organizational effectiveness.

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People (4)

Jobs (0)

Other teams

Economic Analysis

Economic Research

Executive Leadership

Branch Management

Data and Digital Innovation

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People (4)

Jobs (0)

Other teams

Economic Analysis

Economic Research

Executive Leadership

Branch Management

Data and Digital Innovation

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