Bank of Korea
Central bank of South Korea / From Wikipedia, the free encyclopedia
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This article is about Bank of Korea after 1950. For Bank of Korea before 1950, see Bank of Korea (1909–1950).
The Bank of Korea (BOK; Korean: 한국은행; Hanja: 韓國銀行; RR: Hanguk Eunhaeng) is the central bank of the Republic of Korea and issuer of South Korean won. It was established on 12 June 1950 in Seoul, South Korea.
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Quick Facts Headquarters, Established ...
Headquarters | Seoul, South Korea |
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Established | 12 June 1950; 73 years ago (1950-06-12) |
Ownership | Government of South Korea[1] |
Governor | Rhee Chang-yong |
Central bank of | South Korea |
Currency | South Korean won KRW (ISO 4217) |
Reserves | US$510 million[1] |
Website | bok.or.kr |
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Quick Facts Hangul, Hanja ...
Bank of Korea | |
Hangul | |
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Hanja | |
Revised Romanization | Hanguk Eunhaeng |
McCune–Reischauer | Han'guk Ŭnhaeng |
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The bank's primary purpose is price stability. For that, the bank targets inflation. The 2016–18 target is consumer price inflation of 2.0%.