“The Bank of Korea has reportedly chosen to establish a “Digital Innovation department” through organizational reform in the second half of this year, according to the local news on July 22.

The Bank plans to introduce a number of different technologies, such as artificial intelligence and blockchain, through the digital innovation department.

The department will perform tasks such as implementing new digital technology policies and expanding the latest digital infrastructure. An official from Bank of Korea commented that.

“We will improve work efficiency by applying minutes from meeting minutes to financial and economic indicator trends and foreign exchange audits with the technology introduced.”…”

Read More: http://www.impactlab.net/2020/08/04/bank-of-korea-launches-a-department-devoted-to-blockchain-and-ai/