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Monetary Policy Decision(February 26, 2026)

The Monetary Policy Board (MPB) of the Bank of Korea decided to leave the Base Rate unchanged at 2.50% for the intermeeting period.

BOK Base Rate 2.50% Inflation Target 2.0%

BOK Issue

blog Korea's Green Transition (2): Diagnosing Barriers, Unlocking First-Mover Potential In the previous article, we highlighted that while Korea's climate technology innovation performance ranks among the global top tier, it is concentrated in few companies and technologies, with significant qualitative limitations in innovation outcomes. This is attributed to: ① prioritization of short-term results over long-term necessities, ② lack of institutional incentives to promote long-term innovation, and ③ insufficient financing for innovation 2026. 02. 25

blog Korea's Green Transition (1): High Volume, Low Impact Innovation? As global demands for addressing the climate crisis and building a sustainable economy intensify, the importance of climate technologies is becoming prominent in the transition to a carbon neutral economy where net carbon emissions are 'zero'. Climate technologies are technologies that reduce greenhouse gases and adapt to climate change while generating economic returns, serving as a key element supporting the transition to carbon neutrality. Climate technology innovation provides opportunities to minimize economic contraction and create new growth engines during the transition. 2026. 02. 25

blog The rise in the ‘Resting’ Youth: Is it Because of Their High Job Expectations? Recently, as the number of the ‘Resting’ youth continues to rise, there are growing concerns about the background and implications of this trend. The term ‘Resting’ refers to people who, for no specific reason, are not engaging in job seeking or education/training activities. The increase in the ‘Resting’ youth who are outside the labor market has negative side effects on both them as individuals and the overall economy. Against this backdrop, this blog looks at which types of youth are in the ‘Resting’ state among those facing difficulties in employment and the implications of that[1]. 2026. 02. 13

Monetary Policy Report Monetary Policy Report(September 2025) The BOK will maintain its rate cut stance to mitigate downside risks to economic growth and determine the timing and pace of any further Base Rate cuts while closely monitoring changes in domestic and external policy environments, the resulting impact on inflation, and financial stability. 2025. 10. 30

Korea Economic Outlook Economic Outlook (May 2025) Economic growth is expected to slow to 0.8% this year, falling significantly below the February forecast of 1.5%, as the recovery of economic sentiment has been delayed beyond expectations due to domestic and global uncertainties, and due to U.S. tariff policies that have been strengthened compared to the beginning of the year. 2025. 05. 29

Annual Reports 2024 Annual Report This Annual Report provides an overview of Korea’s financial and economic conditions in 2024, as well as the Bank of Korea’s operations and management activities. We have strived to present a well-structured summary of the year’s developments and to enhance the report’s connection with other materials. We hope this report helps the public gain a better understanding of the state of the Korean economy and the Bank of Korea’s role. 2025. 05. 02

Research Papers

BOK Issue Note Life-Sustaining Treatment, Whose Decision: Discrepancies Between Patient Preferences and Medical Reality, and Policy Implications 1. Three Million Decisions: Achievements of the Decisions on Life-Sustaining Treatment Act and Next Steps In order to safeguard patients’ right to sel... 2026.03.05

Financial Stability Report Financial Stability Report (December 2025) - 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 De... 2026.02.27

BOK Issue Note Facilitating the Green Transition through the Stock Market: A Feasibility Study on Introducing a Korean Climate Benchmark Index 1. Green finance in Korea has evolved primarily around green lending and guarantees provided by banks and policy financial institutions, along with gr... 2026.02.09

BOK Issue Note What Factors Drive the 'Resting' Youth in Korea? A Comparative Analysis of Non-employed Youth [BOK Issue Note 2026-3] The proportion of the ‘Resting’ people increases consistently, mainly among youth. Notably, the number of the ‘Resting’ youth who do not want a j... 2026.02.09

BOK Issue Note Lifetime Impact of Delayed Labor Market Entry and Housing Cost Burden on the Youth Generation[BOK Issue Note 2026-2] The youth generation, by the nature of being in the entry phase of economic activity, inevitably has a weaker economic base compared to other age grou... 2026.01.28

BOK Working Paper (in English) BOK Working Paper No.2026-4, Brains to the Capital: Wage Gaps and the Regional Sorting of Skilled Migrants in South Korea Authors: Jongwoo Chung(Bank of Korea), Hyejin Kim(Pukyong National Univ.), Jongkwan Lee(Yonsei Univ.) During the late 2010s, South Korea experi... 2026.01.27

BOK Working Paper (in English) BOK Working Paper No.2026-3, U.S.-Korea Yield Synchronization and Its Implications for Monetary Policy Transmission Authors: Jihyun Kim·Somin Kim(Sungkyunkwan Univ.), Boreum Kwak(Soongsil Univ.) This paper develops a high-frequency measure of yield synchroni... 2026.01.27

BOK Working Paper Paper (in Korean) BOK Working Paper No.2026-2, An Analysis of Mortgage Borrowers’ Interest Rate Choice Author: Choi Young Jun(Bank of Korea) 2026.01.26

Korea Economic Outlook Korea Economic Outlook (November 2025) In order to provide a detailed understanding of Korea's economic outlook, a translation of the Economic Outlook is now published quarterly. 2026.01.22

BOK Working Paper (in English) BOK Working Paper No.2026-1, Predicting the Payment Preference for CBDC: A Discrete Choice Experiment Authors: Syngjoo Choi·Bongseop Kim·Young Sik Kim(Seoul National Univ.), Ohik Kwon(Korea Univ.), Soeun Park(Seoul National Univ.) To overcome the... 2026.01.22

BOK Issue Note Financial Frictions, UIP Premium, and the Integrated Policy Framework: The Case of Korea Emerging markets and developing economies (EMDEs) are vulnerable to external shocks. In the literature, it is well-documented that financial fric... 2026.01.15

BOK Issue Note Labor Market and Job Mobility of AI Professionals [BOK Issue Note 2025-36] We use LinkedIn-based online profile data to comprehensively analyze the scale, wages, and mobility of AI workers in Korea. Based on data covering abo... 2026.01.09

Quarterly/Economic Analysis [Vol.31 No.4] The Role of Permanent Demand Shocks in Economic Growth: A Case of Korea Author: Wongi Kim(Sungshin Womens' Univ.) This study analyzes the role of permanent demand shocks in explaining long-run GDP in Korea using a structu... 2025.12.31

Quarterly/Economic Analysis [Vol.31 No.4] The Relationship between House Price, Residential Area, and Fertility Rate: An Empirical Analysis Using Data from 83 Korean Cities Author: Seewon Kim(Chonnam National Univ.) The concentration of population in cities can have a positive effect on the fertility rate through agglom... 2025.12.31

BOK Issue Note Causes of the Structural Decline in Korea’s Economic Growth Following Economic Crises: Focusing on Corporate Investment Channels 1. Since the 1990s, Korea’s economic growth has experienced a structural slowdown, failing to return to its pre-crisis trend after undergoing a series... 2025.12.23

BOK Issue Note Stabilization of Net Foreign Assets: Outlook and Implications [Research background] Korea’s net foreign asset position has massively increased in recent years. As this phenomenon is accompanied by a rising demand... 2025.12.19

Financial Statement Analysis Financial Statement Analysis for 2024 FOREWORD The Bank of Korea is pleased to release the 2024 edition of its Financial Statement Analysis (FSA), published annually since 1960 to p... 2025.12.18

BOK Issue Note AI Diffusion and Youth Employment [BOK Issue Note 2025-30] This paper analyzes the impact of AI diffusion on youth employment (ages 15 to 29) using subscriber records from the National Pension Service, a compr... 2025.12.18

BOK Working Paper (in English) BOK Working Paper No.2025-21, Impacts of Communication and Dot Plots on Interest Rates: the Case of Korea Author: Soohyon Kim (Chonnam National Univ.), In Do Hwang (Bank of Korea) This study examines the impact of forward guidance on short- and long... 2025.12.15

BOK Issue Note Understanding the Drivers of STEM Talent Outflows and Their Policy Implications [BOK Issue Note 2025-31] ① Science and engineering (STEM) talent plays a central role in driving future growth in areas such as digital transformation, artificial intelligence... 2025.12.15

Press Releases

Bank of Korea and the Swiss National Bank Renewed their Bilateral Currency Swap Agreement Bank of Korea and the Swiss National Bank renewed the Swiss Franc–Korean Won Bilateral Swap Arrangement. The size of the arrangement is CHF 10 bi... 2026.03.09

Industrial Loans of Depository Corporations during Q4 2025 □Depository corporations increased their industrial lending by 8.6 trillion won in the fourth quarter of 2025. 2026.03.09

Balance of Payments during January 2026 (preliminary) □ During January 2026, the Korean current account registered a surplus of 13.26 billion dollars. □ Looking at the financial account, net assets ... 2026.03.06

Official Foreign Reserves(February 2026) Please refer to attached files. 2026.03.05

Interest Rates (Jan 2026) □ In January 2026, the average interest rate on new deposits was 2.78%, down 12 basis points from the previous month. &... 2026.02.27

Economic Outlook (February 2026) ▣ Korea's economic growth is projected at 2.0%, well above last year's 1.0% (Nov. '25 forecast: 1.8%). ￭ This reflects ... 2026.02.26

★Monetary Policy Decision & Opening Remarks to the Press Conference(February 26, 2026) Monetary Policy Decision The Monetary Policy Board of the Bank of Korea decided today to leave the Base Rate unchanged at 2.50% for the intermeeting ... 2026.02.26

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