12-25-2024
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Bank of Korea

South Korea tests digital vouchers, blockchain for item recovery
Finance
Steve Kaaru
-
13 November, 2024

South Korea tests digital vouchers, blockchain for item recovery

South Korea’s central bank is partnering with half a dozen local banks to enable seamless settlement of voucher payments with...
South Korea commits $14.5 million to experiment with CBDC, digital vouchers
Finance
Wahid Pessarlay
-
23 June, 2024

South Korea commits $14.5 million to experiment with CBDC, digital vouchers

South Korea is doubling down on its blockchain investment, with the latest being a $14.5 million investment to explore CBDC...
Bank of Korea eyes wholesale CBDC, tokenized deposits with LG CNS
Business
Wahid Pessarlay
-
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
Business
Wahid Pessarlay
-
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...
South Korea CBDC pilot launching in 2024 with over 100,000 participants
Business
Wahid Pessarlay
-
30 November, 2023

South Korea CBDC pilot launching in 2024 with over 100,000 participants

The Bank of Korea will begin its retail CBDC pilot in 2024, testing use cases like payments for government grants...
BIS urges central banks to move fast on CBDC as Visa stablecoin threat looms
Business
Steve Kaaru
-
27 November, 2023

BIS urges central banks to move fast on CBDC as Visa stablecoin threat looms

The Bank for International Settlements general manager and the governor of South Korea’s central bank talked about the need for...

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