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Search Results for: Bank of Korea

Bank of Korea eyes wholesale CBDC, tokenized deposits with LG CNS
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24 December, 2023

Bank of Korea eyes wholesale CBDC, tokenized deposits with LG CNS

Bank of Korea is collaborating with LG CNS to develop a CBDC system for tokenized deposits, utilizing LG CNS's expertise,...
Bank of Korea governor urges banking regulators to introduce CBDCs
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21 December, 2023

Bank of Korea governor urges banking regulators to introduce CBDCs

Bank of Korea Governor Rhee Chang-yong urges swift CBDC adoption to counter stablecoin risks, accelerating plans with launching 2024 retail...
Bank of Korea teams up with BIS, local institutions for wholesale CBDC experiment
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9 October, 2023

Bank of Korea teams up with BIS, local institutions for wholesale CBDC experiment

The Bank of Korea is looking to develop a new monetary system that focuses on the use of a wholesale...
Bank of Korea eyes 3 cities outside of Seoul for CBDC pilot
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10 August, 2023

Bank of Korea eyes 3 cities outside of Seoul for CBDC pilot

As the CBDC pilot launch reveals challenges, plans, and cautious approach, Bank of Korea moves closer to test real-world applications...
Bank of Korea taps Samsung to spearhead offline CBDC research
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19 May, 2023

Bank of Korea taps Samsung to spearhead offline CBDC research

The partnership between Samsung and the Bank of Korea entails experimenting with offline payment functionality for CBDC, including studying the...
Bank of Korea gets investigative power over digital asset operators as lengthy deliberations conclude
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26 April, 2023

Bank of Korea gets investigative power over digital asset operators as lengthy deliberations conclude

To promote transparency and protect users in the digital asset space, South Korea is giving its central bank the power...
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