Business 8 February 2019

Central bank digital currency could harm South Korea’s financial system​

A report by the Bank of Korea pointed out that introducing a CBDC would lead to a decline in commercial banks’ demand deposits, causing a cash shortfall.

Business 3 May 2018

South Korea central bank to pilot ‘cash-free’ society with crypto

The Bank of Korea is launching a pilot program that will explore the feasibility of a cash-free society, and is considering cryptocurrency and blockchain technology to make it happen.