Bank of Korea  
The Bank of Korea is a central bank of the Republic of Korea. The primary purpose of the Bank, as prescribed by the Act, is the pursuit of price stability. The Bank sets up price stability target every year in consultation with the Government and draws up and publishes an operational plan including it for monetary policy. To this end, the Bank performs the typical functions of a central bank, issuing banknotes and coins, formulating and implementing monetary and credit policy, serving as the bankers' bank and the government's bank. In addition, the Bank of Korea undertakes the operation and management of payment/settlement systems, and manages the nation's foreign exchange reserves. It also exercises certain bank supervisory functions stipulated in the Bank of Korea Act.