Bank of Korea
The Bank of Korea is South Korea's central bank. It sets monetary policy, issues the won, and supports financial system stability.
The Bank of Korea oversees RTGS settlement and provides liquidity to banks when needed. Official site: Bank of Korea.
Related Terms
Central Bank
A central bank is a country's monetary authority responsible for issuing currency, setting monetary ...
KRW
South Korean Won
KRW is the official currency of South Korea. It is issued by the Bank of Korea and was formerly subd...
Interest
Interest is the cost of borrowing money or the return earned on deposited funds, typically expressed...
RTGS
Real-Time Gross Settlement
RTGS is a funds transfer system where money moves from one bank to another on a real-time and gross ...
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