The Bank of Korea Holds 'Monetary Policy Contest'... Jeonbuk National University Wins Gold Award

The Bank of Korea is unveiling the exterior of its newly constructed integrated annex, completed after six years, in Jung-gu, Seoul, on the morning of the 27th. Photo by Joint Press Corps

At this year's Monetary Policy Competition hosted by the Bank of Korea, the 'Hwanggeum Riyul' team from Jeonbuk National University won the gold prize.

On the 14th, the Bank of Korea announced that Jeonbuk National University was the final winner of the nationwide finals of the Monetary Policy Competition.

A total of 125 teams from across the country participated in this Monetary Policy Competition. Seven teams that passed the preliminary and regional preliminaries participated in the nationwide finals on this day.

The participating teams presented their simulated decisions on the base interest rate for August based on their assessments of domestic and international financial and economic trends and forecasts, and responded to questions from the judges.

The silver prize was awarded to the 'Tonggeumjikimi' team from the University of Seoul.

The bronze prize went to the 'Hankyungje Ilbyeong Guhagi' team from Kyungpook National University and the 'Yori BOKgo Jori BOKgo' team from Pusan National University, while the encouragement prizes were awarded to the 'Agidwaeji Sahyeongje' team from Hankuk University of Foreign Studies, the 'Saphilgwijung' team from Gangnam University, and the 'Will-BOK' team from Chungnam National University.

The awardees received certificates of commendation and prize money in the name of the Governor of the Bank of Korea.

The Bank of Korea explained, "The participating teams prepared in-depth analyses and creative presentations for the monetary policy decision-making process and answered the judges' questions based on serious discussions among team members."