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 words bank of and/or bank:
“... an adamantine island chained to the shifting bank of the Channel.”
—Christina Stead (1902–1983)
“on a May morwening upon Malverne hilles
Me befel a ferly, of fairye me thoughte;
I was wery ofwandred and wente me to reste
Under a brod bank by a bournes side;
And as I lay and lenede and lookede on the watres,
I slomerede into a sleeping, it swyede so merye.”
—William Langland (1330–1400)