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, aiming to maintain price stability and support economic growth. The bank also issues the national currency, the South Korean won, and oversees the financial system to ensure its stability. In addition to monetary policy, the Bank of Korea conducts economic research and provides financial services to the government. It plays a crucial role in managing foreign exchange reserves and implementing policies to respond to economic challenges, contributing to the overall health of the South Korean economy.