BOK Announces 6 Teams Winning Top Awards in Regional Preliminaries of Monetary Policy Contest

[Asia Economy Reporter Jang Sehee] A total of six teams from across the country, including Seoul, won the grand prize in the regional preliminary rounds of the '2021 Monetary Policy Contest' conducted by the Bank of Korea.

According to the Bank of Korea on the 23rd, a total of 44 teams from 37 universities nationwide competed in the regional preliminary rounds, and six teams, including Yonsei University's Ddakjaengi Team, Ewha Womans University's Jigeumridaero Team, and Inha University's Household Credit Stop Team, won the grand prize. These six teams have qualified to advance to the national finals to be held on August 13.

The Bank of Korea Monetary Policy Contest provides university students with a simulated experience of the monetary policy decision-making process, aiming to enhance understanding of the Bank of Korea's role and to spread consensus on policy decisions. Participating teams presented their views on recent domestic and international economic trends, future prospects, and key considerations, and based on these, proposed opinions on the future direction of monetary policy.

Meanwhile, winning teams will receive commendations from the Governor of the Bank of Korea and prize money. In the national finals, the gold prize winner will receive 10 million KRW, the silver prize 5 million KRW, the bronze prize 3 million KRW, and the encouragement prize 1 million KRW.

This content was produced with the assistance of AI translation services.