However, since the revision of the related legislation in April last year, the Bank of Korea can no longer supervise banks directly. Consequently, it is not easy for it to monitor and scrutinize the business conditions of individual banks and enterprises, making it hard for the Bank to serve as a mediator. 4.
Foster international cooperation to improve overseas confidence  Lastly, the central bank can contribute to brightening the country’s external credibility by closely cooperating with international financial circles. Restructuring entails extensive friction and conflict on the domestic front. So if the process is to proceed smoothly, it is imperative to avoid extra turbulence stemming from international investors who have large claims on Korea.