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BOK Issue

blog AI in Everyday Life: How Workers Use AI Generative AI is no longer just something we hear about in the news. It has already become a part of everyday life—used for brainstorming new ideas, language translation, content creation, and technical analysis in a wide range of areas. Only a few years ago, many people saw it as a technology reserved for experts. Today, it has become a tool that almost anyone can use, at work and at home. So how often—and in what ways—are people actually using AI? And has it actually improved productivity? To find out the answers to these questions, we conducted Korea’s first representative survey on the use of generative A 2026. 01. 06
Speeches 2026 New Year Speech by Governor Chang Yong Rhee My dear colleagues at the Bank of Korea, The year 2026 has dawned. I sincerely wish all of you and your families health and peace in the your daily lives. First of all, let me express my sincere gratitude to all of our staff who did their best in their respective roles despite difficult circumstances over the past year, as well as to the members of the Monetary Policy Board for their leadership in conducting monetary policy. I would also like to take this opportunity to thank your families, who have steadfastly supported you behind the scenes. Thanks to your collective dedication, the Bank of Korea was able to endure the past year successfully. 2026. 01. 02
blog 57,000 AI Professionals—Why Do Firms Still Say They Can’t Find Talent? : Mismatches in Korea’s AI Labor Market Amid the global “AI gold rush,” securing talent has become a key determinant of national competitiveness. An analysis of LinkedIn data covering more than 10 million job histories of approximately 1.1 million Koreans shows that Korea’s pool of AI professionals has more than doubled over the past decade. 2025. 12. 24
Blog Why Are Young Workers Losing Jobs in the Early Stage of AI Diffusion? Since the launch of ChatGPT in November 2022, a wave of generative AI services has rapidly emerged, each pushing the boundaries of what AI can do in ever-shorter innovation cycles. Performance has advanced not only in back-office tasks such as coding, document writing, and data analysis, but also in complex reasoning and multimodal processing. Yet behind the convenience of these technological advances, a new generational divide is taking shape: employment among junior workers(20s) is falling, while jobs for senior workers(50s) continue to grow. 2025. 11. 06
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
Financial Stability Report Financial Stability Report (June 2025) Volatility in financial and foreign exchange markets has increased due to global trade conflicts, domestic and international economic slowdowns, and heightened geopolitical risks. 2025. 08. 29
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 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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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BOK Issue Note The Impact of Weather and Day of the Week on Consumption: Evidence from High-Frequency Data [BOK Issue Note 2025-29] ① Daily card spending, captured through high-frequency datasets designed to monitor short-term consumption trends, varies substantially depending on b... 2025.11.28
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BOK Issue Note Analysis of the Effectiveness of Macroprudential Policy and its Optimal Policy Mix with Monetary Policy in Korea 1. Amid prolonged economic slowdown and forecasts that Korea’s growth in 2025 and 2026 will remain below its potential, house prices in Seoul have con... 2025.11.24
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BOK Issue Note Rapid Adoption of Artificial Intelligence and Its Productivity Effects: The Case of Korea [BOK Issue Note 2025-22] ① We conduct a household survey using a representative sample that reflects the occupational distribution of the general population. The data obtaine... 2025.11.21
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BOK Issue Note Key Features and Implications of Recent U.S. Mutual Funds' Investments in Korean Securities [BOK Issue Note 2025-04] 1. Recently, foreign investment in Korean securities has generally shown net outflows, primarily driven by equity funds. On a longer time horizon, cap... 2025.11.20
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BOK Working Paper (in English) BOK Working Paper No.2025-20, Public Demand and Financial Implications for Retail CBDC: A Randomized Survey Experiment Author: Duk Gyoo Kim(Yonsei Univ.), Ohik Kwon(Korea Univ.), Seungduck Lee(Sungkyunkwan Univ.) This study investigates the public demand for ret... 2025.11.13
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BOK Working Paper (in English) BOK Working Paper No.2025-19, Diagnostic Expectations into Housing DSGE and Productive Investment Crowding-Out Effect Author: Junghyuk Lee(Bank of Korea), Jinwoon Yoon(Bank of Korea) This paper applies diagnostic expectations to analyze expectation formation in hous... 2025.11.11
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BOK Issue Note Industry-specific Allocative Inefficiency and Productivity [BOK Issue Note 2025-21]  1.  The sluggish growth of the Korean economy’s total factor productivity (TFP) is closely related not only to the slowdown in technol... 2025.11.06
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BOK Issue Note Impacts of Online Platforms' Growth on Regional Self-employed Businesses and Policy Approaches [BOK Issue Note 2025-19] 1. [Research Background] Business conditions in Korea's self-employment sector are significantly deteriorating. This decline is mainly attri... 2025.11.03
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BOK Issue Note Crisis and Innovation Strategies for the Korean Taxi Industry in the Era of Autonomous Driving 1. This report examines the crisis facing Korea’s taxi service industry in light of the rapid development of autonomous driving (AD) technology and gl... 2025.11.03
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BOK Issue Note Projection of Employment Trends: Considering Population and Labor Market Structure, and Its Implications 1. Trend job growth refers to the increase in employment consistent with maintaining the unemployment rate at its natural level. It is determined by l... 2025.10.31
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