Second, I will discuss the developments in monetary policy stance reflecting the changing role of central bank post-crisis, the importance of and problems with communication policies, and the harmonization between price and financial stabilization policies.
Third, I will touch upon the internal reforms implemented to reform the Bank of Korea into a world leading central bank respected by the people, namely the projects based on a new creative spirit under the slogan of “Never Before.” The fourth issue will be on key principles and philosophy on changes in the Bank’s governance and its organization management during the past four years.