Bank of Korea

Recent Papers & Publications

Executive Summary for Monetary Policy Report (June 2022): - This is the English version of the Executive Summary for the Bank of Korea's Monetary Policy Report. In the case of any inconsistency, the original version in Korean will prevail. - Data for figures are available in the attached excel file. - Inquiries : (Tel) +82-2-759-41...

Financial Stability Report (December 2021): - Please refer to the attached PDF file. - This is a translation prepared by the Bank's staff based on the original Korean text released on December 23, 2021.

BOK Working Paper No.2018-8, Rare Disasters and Exchange Rates: An Empirical Investigation of South Korean Exchange Rates under Tension between the Two Koreas: Title : Rare Disasters and Exchange Rates: An Empirical Investigation of South Korean Exchange Rates under Tension between the Two Koreas Author : Cheolbeom Park(Korea University), Suyeon Park(BOK) <Abstract> We investigate the implications of the disaster hypothesis proposed that chang...

[2022-4] Inflation Effects of Individual Factors Causing Commodity Price Changes on Inflation: Affected by concerns over the recent supply chain disruptions stemming from the war in Ukraine, the extent of commodity price hikes has widened. Existing studies show that commodity price rises could have different effects on inflation and inflation expectations, depending on whether the price incre...

[2021-9] Impacts of Climate Change Response on Industries: Amid heightened attention being paid to climate change since the outbreak of COVID-19, international society is stepping up its efforts to achieve carbon neutrality. Korea has also come up with a related Action Plan, after announcing last year its plan to be carbon neutral by 2050, and it has recent...

[2015-6]Factors behind Lackluster Recoveries in the Employment-to-population Ratios of Major Countries and Their Prospects: Although major countries have shaken off the influence of the global financial crisis and are showing a modest economic recovery, the levels of the employment-to-population ratios in major countries are running below their pre-crisis levels, as the degree of the recovery in their employment-to...

[2022-4] Inflation Effects of Individual Factors Causing Commodity Price Changes on Inflation: Affected by concerns over the recent supply chain disruptions stemming from the war in Ukraine, the extent of commodity price hikes has widened. Existing studies show that commodity price rises could have different effects on inflation and inflation expectations, depending on whether the price incre...

[2022-3] Global Competitiveness and Risks to Korea’s New Economy Industries: The new economy industries in Korea, including semiconductors and secondary batteries, have not only supported economic growth by taking leading positions in global markets, but have also greatly contributed to minimizing economic damage by the COVID-19 pandemic. In addition, these industries are li...

Executive Summary for Monetary Policy Report (June 2022): - This is the English version of the Executive Summary for the Bank of Korea's Monetary Policy Report. In the case of any inconsistency, the original version in Korean will prevail. - Data for figures are available in the attached excel file. - Inquiries : (Tel) +82-2-759-41...

Regional Economic Report (March 2022): This is a condensed English version of the Regional Economic Report published in Korean on Mar. 28, 2022. Regional economic conditions in the Report are based on the results of business surveys conducted by the 15 branches of the Bank of Korea between Feb. 10 and Mar. 8, 2022, and on other availab...

Financial Stability Report (December 2021): - Please refer to the attached PDF file. - This is a translation prepared by the Bank's staff based on the original Korean text released on December 23, 2021.

Payment and Settlement Systems Report 2020: Payment and Settlement Systems Report 2020 (Please refer to the attached file)