*  *  *  It is a pleasure to be able to participate in this conference on the occasion of the 60th anniversary of the Bank of Korea. I would especially like to congratulate Governor Kim on his recent appointment.
Over the years, the Bank of Korea has made an important contribution to the impressive economic performance of South Korea, a performance that includes a more than 10-fold increase in the country’s real gross domestic product (GDP) per person over the past four decades.