The Bank of Korea is the central bank of South Korea, responsible for formulating and implementing monetary policy to maintain price stability and ensure financial stability in the country.
With its headquarters located in Seoul, the Bank of Korea plays a crucial role in the Korean economy by conducting open market operations, setting the base rate, and regulating the payment and settlement systems. It also provides research and analysis on various economic issues and publishes reports and publications to promote transparency and understanding of its policies and actions.
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