Bank of 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 |
| Interest rate target | 2.0% |
| Website | bok.or.kr |
| Bank of Korea | |
| Hangul | 한국은행 |
|---|---|
| Hanja | 韓國銀行 |
| Revised Romanization | Hanguk Eunhaeng |
| McCune–Reischauer | Han'guk Ŭnhaeng |
The Bank of Korea (BOK; Korean: 한국은행) 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%.