한국은행, or the Bank of Korea, is the central bank of South Korea. Established in 1950, its primary role is to manage the country's monetary policy, issue currency, and maintain financial stability. The bank aims to promote economic growth and control inflation through various monetary tools. In addition to its monetary functions, 한국은행 also oversees the nation's foreign exchange reserves and manages the payment and settlement systems. It plays a crucial role in ensuring the stability of the financial system and supports the government in economic policy-making.