Bank of Korea
Kitae Lee serves as an IT Manager at the Bank of Korea since January 2020, focusing on CBDC technology within the Payment & Settlement Systems Department, conducting research on technical elements necessary for central bank digital currencies and overseeing related projects. Prior to this role, Kitae Lee was a Software Engineer at Samsung Electronics from January 2012 to December 2019, where responsibilities included developing filesystem modules for the Linux kernel, specifically modifying and writing code for ext4, sdcardfs, and sdfat. Kitae Lee holds a Bachelor's degree in Computer Engineering from Pusan National University and a Master's degree in DMC Engineering from Sungkyunkwan University.
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Bank of Korea
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Bank of Korea was established on June 12, 1950 under the Bank of Korea Act. Bank of Korea was originally established with a capital of 1.5 billion won, all of which was subscribed by the Government, but the amendment of Bank of Korea Act in 1962 made the Bank a special juridical person having no capital. The primary purpose of the Bank, as prescribed by the Act, is the pursuit of price stability. The Bank sets a price stability target in consultation with the Government and draws up and publishes an operational plan including it for monetary policy. To this end, the Bank performs the typical functions of a central bank: issuing banknotes and coins, formulating and implementing monetary and credit policy, serving as the bankers' bank and the government's bank. In addition, Bank of Korea undertakes the operation and oversight of the payment and settlement systems, and manages the nation's foreign exchange reserves. It also conducts supervisory functions for financial institutions as stipulated in Bank of Korea Act.