The Bank of Korea (BOK) is the central bank of South Korea and issuer of South Korean won. It was established on June 12, 1950 at Seoul, South Korea.
The Bank's primary purpose is price stability. For that, the Bank targets inflation. The 2010–12 target is consumer price inflation of 3.0 ± 1%.
Read more about Bank Of Korea: History, Primary Purpose, Governors of The Bank of Korea
Famous quotes containing the word bank:
“I know a bank where the wild thyme blows,
Where oxlips and the nodding violet grows,
Quite overcanopied with luscious woodbine,
With sweet musk-roses, and with eglantine:
There sleeps Titania sometime of the night,
Lulled in these flowers with dances and delight.”
—William Shakespeare (1564–1616)