Bank of Korea is the Central Bank of the Republic of Korea founded in the year 1950. The bank was established as to the provision of the Bank of Korea Act. Since then the bank has been operating with an objective of maintaining price stability in the country's financial system.

Some of the important functions of the bank are as follows:

Issuing the bank notes and coins
Implementing the monetary and credit policy
Acting as a banker to the Government and banks
Managing the Country's financial system
Supervising the banking activities
Analyzing the economic parameters of the country

The Monetary Policy Committee at the bank is the highest body. The committee is primarily concerned with formulating Monetary and Credit policies in the country. The committee is responsible in deliberating and finding solutions with regards to matters relating to the operations of the Bank.

The Address and Contact details of the bank is as follows:


Bank of Korea
Address:	110, 3-GA, Namdaemoon-Ro, Chung-Gu Seoul 100-794 KOREA
Phone No.:	++82-2-759 41 14
Fax:	++82-2-759 40 37