Lee Ju-yeol, Governor of the Bank of Korea, Participates in East Asia-Pacific Central Bank Governors' Video Conference

[Image source=Yonhap News]

[Asia Economy Reporter Eunbyeol Kim] The Bank of Korea announced on the 19th that Governor Lee Ju-yeol attended the East Asia and Pacific Central Banks Governors' Meeting (EMEAP), held via video conference.

EMEAP is a consultative body established in 1991 for the purpose of promoting cooperation and information exchange among central banks in the East Asia and Pacific region. Currently, its member banks include the central banks of Korea, China, Japan, Indonesia, Malaysia, the Philippines, Singapore, Thailand, Hong Kong, Australia, and New Zealand, totaling 11 central banks.

Governor Lee, who attended the meeting, reviewed the activities of EMEAP-affiliated organizations and exchanged opinions with central bank governors of member countries in the Asia-Pacific region on the topic of 'Challenges faced by EMEAP region central banks related to COVID-19.'

The Bank of Korea has led discussions related to regional payment systems while serving as the chair of the EMEAP Payment and Settlement Working Group since July 2016, and its term will expire after this meeting.

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