The Bank of Korea(BOK) says consensus must be formed in order for the central bank to exercise its note-issuing authority to fund the government's corporate restructuring. 

While briefing reporters about the bank's monetary policy report on Friday, BOK Deputy Governor Yoon Myun-shik unveiled the cautious position over growing calls for the so-called Korean-style quantitative easing(QE). 

He said related law revisions and or parliamentary approval can be a gauge of social consensus.

The central bank official's remarks come after President Park Geun-hye told chief editors of South Korea's major news agencies earlier this week that she is open to the policy option of launching Korean-style quantitative easing.

Under the Korean-style QE measures, the BOK would exercise its power to mint cash to expand the capital pool at state-run banks.