The Bank of Korea is the central bank of South Korea, established on June 12, 1950 in Seoul as successor to the Bank of Choson. It issues the South Korean won and holds primary responsibility for pursuing price stability to support the country's economic development, alongside monetary policy formulation, banking supervision, foreign exchange management, and oversight of the payment system. The bank is headquartered in Seoul, maintains sixteen regional branches within Korea, and keeps overseas representative offices in major financial centers including New York, London, Frankfurt, Tokyo, and Beijing.
Facts
Founding Year Founding Date Headquarters Geography
Country or Jurisdiction ServedWikidata Q485531, property P17 (country). Classification
Institution Subtype Connections
Member Of
Bank of Korea is one of the BIS's 63 member central banks and monetary authorities (Membership and shareholding structure table); the BIS has been wholly owned by its member central banks since the 2005 buyback of private shareholders.
Source Wikipedia
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Sources
1. Wikipedia
Wikimedia FoundationBank of Korea
It was established on 12 June 1950 in Seoul, South Korea.
Introduction, institution-subtype
The Bank of Korea is the central bank of South Korea, established on June 12, 1950 in Seoul as successor to the Bank of Choson.
Member Of: Bank for International Settlements, Bank for International Settlements, Membership and shareholding structure section
The BIS members are central banks of 63 jurisdictions: 34 in Europe, 16 in Asia, 5 in South America, 3 in North America, 3 in Africa, and 2 in Oceania.
View the Source 2. Wikidata
Wikimedia Foundation
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