Central Banking

BOK encourages payments made via internet

SOUTH KOREA - The central bank is encouraging people to make payments of bills for taxes and public utility services through the Internet due to its convenience and efficiency, in the midst of banks' reluctance to handle such dealings at their windows.

The Bank of Korea (BOK) said yesterday that both payers and collectors would benefit from the use of online payment systems.

The central bank explained that that the Internet-based payment services will not only give more convenience to payers, b