A variety of opinions can be suggested, from the historical and cultural perspectives, as to which central bank system a country should have and what kinds of relationships it should form with the relevant government departments. One certainty in the global economic trends, however, is that maintaining a domestic system inconsistent with these global trends is undesirable.
It is in this sense that I appraise the Bank of Korea Act revision as a highly desirable change, in that it created the minimum conditions enabling the Bank of Korea to act on behalf of national interests on the international stage.