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Bank of Korea: South Korea's Central Bank

The Bank of Korea (BOK) is the central bank of the Republic of Korea. It is responsible for issuing the country's currency, the won, and for managing the country's monetary policy. The BOK was founded in 1950 and is headquartered in Seoul.

The BOK's main objectives are to maintain price stability, promote economic growth, and ensure the stability of the financial system. It does this by setting interest rates, managing the money supply, and regulating the banking sector. The BOK also plays a role in promoting financial inclusion and developing the country's financial infrastructure.

The BOK is an important part of the South Korean economy. It helps to ensure that the country has a stable financial system and that the economy grows in a sustainable way. The BOK also plays a role in promoting international cooperation on financial matters.

In addition to its monetary policy functions, the BOK also provides a range of other services, including:

* Managing the country's foreign exchange reserves
* Issuing and redeeming government bonds
* Providing banking services to the government and other financial institutions
* Conducting economic research and publishing reports on the economy

The BOK is a key player in the South Korean economy and plays an important role in promoting economic growth and stability.

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