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    Central Banks

    Bank of Korea Launches Official YouTube Site

    Bank of Korea headquarters in Seoul
    SeongJoon Cho | Bloomberg | Getty Imagess
    Bank of Korea headquarters in Seoul

    The Bank of Korea (BOK) said Thursday it has opened a social media site on YouTube, marking the first time the central bank has joined a social network service (SNS) to more broadly communicate with the public.

    The BOK said it has launched its YouTube channel and officially started running the social network site.

    (Read More: Why Bank of Korea Is Right Not to Cut Rates)

    It is an unprecedented move by the BOK to have created the YouTube page considering the institution's prevalent conservative nature as the central bank in Korea.

    The BOK has no official Facebook or Twitter account.

    A BOK official said opening the YouTube channel is "a bid to get closer to the general public."

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    The BOK has posted video contents of its governor Kim Choong-soo speaking before the press right after the rate-setting meeting every month.

    But viewers do not have access to write a reply of either "Like" or "Dislike" since the BOK has deactivated the functions.

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    The latest postings include the BOK's open lectures on the economy, which are popular among young job seekers. The BOK said it will soon add more visual contents to the list.