Bank of Korea Begins Purchasing Gold From Domestic Producers
The Bank of Korea is purchasing gold from domestic producers to expand its holdings and diversify supply sources through the Korea Exchange and Korea Securities Depository.
The Bank of Korea announced on August 3, 2026, that it will begin purchasing gold from domestic producers. This initiative is designed to expand the central bank's gold reserves and diversify its supply sources.
To execute these acquisitions, the bank established a operational framework involving local producers, the Korea Exchange, and the Korea Securities Depository. Gold will be acquired at international market prices, utilizing the existing transaction, payment, and deposit systems provided by these two financial institutions.
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