Central Banking

Power strike won't affect payment systems-BOK

Money transfers and financial settlements will be unaffected by a strike threatened by Korea Electric Power Corp.'s union on Thursday, according to the Bank of Korea (BOK).

Countermeasures are already in place to ensure the BOK's computing system operates normally even if the planned strike disrupts power supplies, the central bank said Wednesday. The system is responsible for implementing and recording transactions between financial institutions.

"The BOK can supply electricity to its computing

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