South Korea
2.500%
→ No change
Monetary Policy
Rate
2.500%
Since Apr 10, 2026
Previous Rate
2.500%
→ No change
Next Decision
May 27, 2026
in 22 days
Central Bank
The Bank of Korea
Currency
KRW
Asia
Country Overview
Population
51.60M
51,600,388 people
Area
98,480 km²
98,480 km²
GDP (USD)
$1.20T
$1,198,000,000,000
Median Age
46.2 yrs
Urban Population
82.8%
of total population
Rate History
Banks in South Korea
Busan Bank
Commercial Bank
Citibank
Commercial Bank
Credit Union
Commercial Bank
Daegu Bank
Commercial Bank
Deutsche Bank
Commercial Bank
Hong Kong and Shanghai Banking Corporation (HSBC)
Commercial Bank
Industrial Bank of Korea (IBK)
Commercial Bank
Jeju Bank
Commercial Bank
Jeonbuk Bank
Commercial Bank
KEB Hana Bank
Commercial Bank
Kookmin Bank
Commercial Bank
Korea Development Bank (KDB)
Commercial Bank
Korea Federation of Community Credit Cooperatives
Commercial Bank
Korea Post
Commercial Bank
NH Nonghyup Bank (Held by National Agricultural Cooperative Federation of Korea)
Commercial Bank
Shinhan Bank
Commercial Bank
Standard Chartered Bank Korea
Commercial Bank
Suhyup (or Su-hyeop, the National Federation of Fisheries Cooperatives)
Commercial Bank
Woori Bank
Commercial Bank
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