Bank of Korea holds Conference on the Development of the Short-Term Financial Market

and the Activation of KOFR,

in Collaboration with Korea Institute of Finance

▣ On Tuesday, November 4, the Bank of Korea and the Korea Institute of Finance jointly hosted a conference under the theme “Policy Challenges for the Development of the Short-Term Financial Market and the Activation of KOFR.”

￭The conference featured opening address by Governor Chang Yong Rhee of the Bank of Korea, a welcoming remarks from President Hangyong Lee of the Korea Institute of Finance, and congratulatory remarks from Vice Chairman Dae-Young Kwon of the Financial Services Commission. Following these speeches, the event proceeded with presentations and a panel discussion.

▣ At the conference, participants examined key policy tasks for promoting the wider adoption and market establishment of the Korea Overnight Financing Rate (KOFR), discussed the stability and institutional improvement of the repo market, and explored the role of the Bank of Korea’s open market operations in ensuring the sound development of the domestic money market.