BOK unlikely to make up for gov't losses

SOUTH KOREA - The Bank of Korea (BOK) expressed reservation yesterday about taking actions to make up for losses incurred by irretrievable public funds that were used to stabilize the economy in the wake of the 1997 IMF financial crisis.

In a report submitted to Rep. Ahn Taek-soo, a member of parliament's finance and economy committee, the central bank said that any direct involvement in the public funds issue will compromise the credibility of the institution.

The BOK also pointed out that it

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