Ewha Students Won the Participation Award at the 2022 BOK Currency Policy Contest
(From the left) Jinhee Son, Minjung Jang, Yujin Kim, Sunah Cho
Ewha students’ “BOK is coming” team won the participation award at the Seoul regional preliminary contest for the "2022 Monetary Policy Contest" held by the Bank of Korea. This year, 75 teams from 42 universities from all over the country participated in the contest, which provides undergraduate students with a mock experience in the monetary policy decision process, and 54 teams that went through the preliminary rounds participated in each regional preliminary contest.
The "BOK is coming" team, which won the participation award at the Seoul regional preliminary contest, achieved excellent performance by analyzing the causes and ripple effects of the recent rise in raw material prices to be the "most important issue to consider when deciding monetary policy direction in May." They gave a creative presentation at the regional preliminary contest under the theme of "Deciding the direction of monetary policy in July," in which they come up with the imaginary Korean economic weather center that gives a brief on Korea's economic situation with the aim of price, finance and economic stability.
Jinhee Son (Statistics, Class of 2023), Minjung Jang (Kinesiology and Sports Studies, Class of 2024), Yujin Kim (Climate and Energy Systems Engineering, Class of 2025), and Sunah Cho (Climate and Energy Systems Engineering, Class of 2025) are all students who double majored in economics or are planning to. They could achieve good results through analysis and active discussions on the report published by the Bank of Korea. Sunah Cho mentioned, “The experience of analyzing the Korean economy from various angles through the competition will be the cornerstone of the process of finding a career path related to economics in the future.” In addition, she expressed her special gratitude to Professor Byoung Hoon Seok of the Ewha Department of Economics, who guided the team from the preliminary round of the contest