The Bank of Korea Holds the '2022 Monetary Policy Contest' for University Students

[Asia Economy Reporter Seo So-jeong] The Bank of Korea announced on the 22nd that it will hold the '2022 Monetary Policy Contest' to help university students improve their understanding of monetary policy.

Applications can be submitted on the Bank of Korea website from May 23 to May 25.

Teams consist of four current university students in Korea, with a limit of one member per team for students on leave of absence or postponing graduation. For the preliminary round, multiple teams from the same school can apply, but no more than two teams per school will be selected to advance to the regional preliminaries.

Students wishing to participate must submit an application form, proof of eligibility, and a report on the topic "The most important issue to consider when deciding the monetary policy direction in May." The preliminary results are scheduled to be announced in the third week of June (June 16-17).

Teams that pass the preliminary round must submit presentation materials containing the content and rationale for the "Base Interest Rate Decision (July Monetary Policy Direction)" between July 12 and 13. If the preliminary contest is held online, they must also submit a presentation video within 15 minutes.

Finalist teams must submit presentation materials on the "Base Interest Rate Decision (August Monetary Policy Direction)" by August 4.

Teams winning awards in the regional preliminaries and national finals will receive commendations from the Governor of the Bank of Korea and scholarships. Additionally, team members of one Best Award team and one Excellence Award team from each regional preliminary will receive preferential treatment in document screening for Bank of Korea new employee recruitment for five years.