Bank of Korea

This article is about Bank of Korea after 1950. For Bank of Korea before 1950, see Bank of Chōsen.
Bank of Korea
한국은행
Headquarters in Seoul
Headquarters in Seoul
HeadquartersSeoul, South Korea
Established12 June 1950; 74 years ago (1950-06-12)
OwnershipGovernment of South Korea[1]
GovernorRhee Chang-yong
Central bank ofSouth Korea
CurrencySouth Korean won
KRW (ISO 4217)
ReservesUS$510 million[1]
Websitebok.or.kr
Bank of Korea
Hangul
Hanja
Revised RomanizationHanguk Eunhaeng
McCune–ReischauerHan'guk Ŭnhaeng
The bank of Korea Gwangju and Jeonnam Breau

The Bank of Korea (BOK; Korean: 한국은행; Hanja: 韓國銀行; RR: Hanguk Eunhaeng) is the central bank of South Korea and issuer of South Korean won. It was established on 12 June 1950 in Seoul, South Korea.

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%.

  1. ^ a b Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.