The Bank of Korea, together with the Korea Institute of Finance, held a conference on “Policy Challenges for the Development of the Short-Term Financial Market and the Activation of KOFR,” focusing on how to support broader adoption and market establishment of the Korea Overnight Financing Rate (KOFR). The event included an opening address by Bank of Korea Governor Chang Yong Rhee, welcoming remarks from Korea Institute of Finance President Hangyong Lee, and congratulatory remarks from Financial Services Commission Vice Chairman Dae-Young Kwon, followed by presentations and a panel discussion. Discussions covered policy tasks to promote KOFR as a benchmark rate, measures to strengthen the stability and institutional framework of the repo market, and the role of the Bank of Korea’s open market operations in supporting the sound development of Korea’s domestic money market.
Bank of Korea 2025-11-04
Bank of Korea and Korea Institute of Finance host conference on short-term market development and wider use of KOFR
The Bank of Korea and the Korea Institute of Finance hosted a conference on developing the short-term financial market and promoting the Korea Overnight Financing Rate (KOFR). Discussions addressed policy tasks for establishing KOFR as a benchmark rate, enhancing repo market stability, and the Bank of Korea's role in supporting the domestic money market through open market operations.