This year marks the 70th anniversary of the Bank of Korea as Korea’s central bank. Over the past 70 years, the Bank of Korea has done its utmost to contribute to the quantitative growth and qualitative development of the Korean economy, all the way from escaping the shackles of impoverishment to achieving remarkable economic growth, with Korea’s per capita gross national income now surpassing 30,000 U.S. dollars per year. The Bank of Korea has faithfully performed the functions and roles required of it as a central bank throughout the times: the postwar recovery and reorganization of the financial system in the 1950s; the progress of industrialization and the provision of a growth-oriented monetary supply in the 1960s and 1970s; establishing the groundwork for price stability and financial liberalization in the 1980s and 1990s; and, pursuing financial stability and fostering economic vitality since the 2000s.