The Bank of Korea Hosts University Student Monetary Policy Competition... Preferential Hiring for Top Performers

[Image source=Yonhap News]

On the 15th, the Bank of Korea announced that it will hold a 'Monetary Policy Competition' to provide university students with an opportunity to experience the monetary policy decision-making process through a simulation.

As COVID-19 prevention guidelines have been relaxed, the competition will be conducted in person.

Teams of four current undergraduate students from domestic universities can participate, and students on leave of absence or postponing graduation are limited to one member per team.

Forming combined teams from different universities is not allowed. In the preliminary round, multiple teams from the same university may apply, but teams advancing to the regional preliminaries will be limited to two teams or fewer per university (campus).

Teams wishing to participate must submit an application form, qualification verification documents, and a report on the topic "The most important issue to consider when deciding the base interest rate in May" via the Bank of Korea website between the 22nd and 24th of this month.

The preliminary round will involve presentations on the "July base interest rate decision," and the final round will consist of presentations and Q&A sessions with judges on the "August base interest rate decision."

Teams placing in the regional preliminaries and national finals will receive commendations from the Governor of the Bank of Korea and scholarships. Additionally, outstanding performers in the competition will receive preferential treatment in document screening when applying for new employee recruitment at the Bank of Korea for the next five years.