Bank of Korea

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Bank of Korea
한국은행 (Korean)
Bank of Korea's symbol Logotype
Bank of Korea's symbol Logotype
Headquarters Jung-gu, Seoul, South Korea
Established June 12, 1950
President Lee Seongtae (Governor)
Central Bank of Republic of Korea
Currency

South Korean won

-ISO 4217 Code KRW
Printer(s) Korea Minting and Security Printing Corporation
Mint(s) Korea Minting and Security Printing Corporation
Website

www.bok.or.kr

Preceeded by

Bank of Joseon

Bank of Korea
Hangul:
한국은행
Hanja:
韓國銀行
Revised Romanization: Hanguk eunhaeng
McCune-Reischauer: Han'guk ǔnhaeng

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 stability by means of issuing banknotes and coins, promulgating 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 National Assembly. Park Seung was appointed Governor in 2002. The head office is located at Namdaemun Street, Jung-Gu, Seoul. (The current governor of the bank of Korea is Lee Sung-tae. Mr.Lee was appointed in April 2006.) 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.

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