BOK reports 1.5 trillion won in profits for 2000

The Bank of Korea has reported after-tax profits of 1,483 billion won in 2000, down 1,696 billion won from 1999. "The sharp fall in profits was mainly attributed to reduced gross revenue due to the Korean currency's weakness against the U.S. dollar and other foreign currencies," said Yoon Young-hoon, in charge of the central bank's accounting.

Gross revenue decreased by 1,304 billion won in 1999 to 8,822.4 billion won in 2000 as earnings in the foreign currency sector dropped by 1,081.5 billio