The Committee on Payment and Settlement Systems (the CPSS) of the central banks of the Group of Ten countries periodically publishes - under the aegis of the Bank for International Settlements - a reference work on payment systems in the G-10 countries known as the "Red Book", the latest edition of which dates from December 1993. The CPSS has also invited central banks in a number of countries where important developments in payment systems are under way to publish - in collaboration with its Secretariat at the Bank for International Settlements - separate "Red Book" studies for their countries. This is the first edition of the "Red Book" for the Republic of Korea.
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