BOK Deputy Governor: "Acceleration of Statistical Changes... Efforts to Compile Diverse Statistics"

'Korean Statistical Society-Korea Bank Joint Forum' Held

Lee Seungheon, Vice President of the Korea Circulation Association, is attending the 'Macroeconomic Financial Meeting' held at the Bankers Association Building in Jung-gu, Seoul on the 19th. Photo by Kang Jinhyung aymsdream@

[Asia Economy Reporter Jang Sehee] Lee Seungheon, Deputy Governor of the Bank of Korea, stated on the 4th, "Data, which was traditionally represented in a structured form as numbers, is evolving into unstructured forms such as documents, images, sounds, and videos, thanks to advancements in information and communication technology."

Deputy Governor Lee made these remarks in a welcoming speech at the 'Korean Statistical Society-Bank of Korea Joint Forum' held at the Chosun Hotel in Jung-gu, Seoul, in the morning. He added, "Advanced data processing techniques such as deep learning are becoming more common."

He emphasized, "These changes will continue to accelerate, and social interest in related fields is rapidly increasing. The Bank of Korea is striving to produce more diverse and higher-quality statistics in response to changes in the economic environment."

Deputy Governor Lee also noted, "This will allow us to reflect on the significance of the development and challenges of macroeconomic statistics such as the Bank of Korea's national accounts statistics." He further expressed hope that "the cooperative relationship between the Bank of Korea and the Korean Statistical Society will be maintained even more firmly in the future."

Meanwhile, the forum featured invited lectures highlighting changes in statistical analysis techniques, as well as presentations and discussions on methods for analyzing different data forms.

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