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Glossary Definition
Bank of Korea (BOK) (korea)

Korea's central bank, BOK issues banknotes and coins, formulates and implements monetary and credit policy, manages foreign exchange reserves, and serves as the government's and bankers' bank. In addition, it operates and manages payment/settlement system, manages official foreign exchange reserves, monitors financial stability, collects and compiles statistics, conducts economic research and undertakes diverse activities to boost awareness about the Bank and the Korean economy.