Bank of Korea
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.
Headquarters in Seoul | |
| Headquarters | Seoul, South Korea |
|---|---|
| Established | 12 June 1950 |
| Ownership | Government of South Korea |
| Governor | Rhee Chang-yong |
| Central bank of | South Korea |
| Currency | South Korean won KRW (ISO 4217) |
| Reserves | US$510 million |
| Website | bok.or.kr |
| Bank of Korea | |
| Hangul | |
|---|---|
| Hanja | |
| Revised Romanization | Hanguk Eunhaeng |
| McCune–Reischauer | Han'guk Ŭnhaeng |
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%.
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