BOK records 150 billion won loss

The Bank of Korea revealed on Thursday 31 March that it made a loss in 2004 for the first time in 10 years due to large interest payments on bonds sold to adjust the nation's money supply.

The Bank of Korea (BOK) said it registered a loss of 150 billion won ($146 million) last year, swinging from a profit of 2.18 trillion won a year earlier.

It attributed the loss to an increase in interest payments on so-called monetary stabilization bonds.

Outstanding monetary stabilization bonds reached 142.

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