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Bank of Korea ready to cut rates as inflation slows

Bank of Korea ready to cut rates as inflation slows

Inflation in South Korea slowed down a little in July.
Bank of Korea creates a new virtual asset department

Bank of Korea creates a new virtual asset department

The Bank of Korea (BOK) has created a new virtual asset division under its Financial Payment Systems Bureau.
South Korean Central Bank Unveils New ‘Cryptoassets Department’

South Korean Central Bank Unveils New ‘Cryptoassets Department’

South Korea’s Central Bank has announced it will reorganize its structure to include a “cryptoassets department” as a wave of public sector stablec...
South Korea sidesteps recession with 0.6% Q2 growth

South Korea sidesteps recession with 0.6% Q2 growth

South Korea’s economy grew 0.6% in Q2 2025, avoiding a technical recession.
Bank of Korea expresses concern about the issuance of WON-denominated stablecoins

Bank of Korea expresses concern about the issuance of WON-denominated stablecoins

The Bank of Korea (BOK) Governor Lee Chang-yong has expressed concern about the issuance of won-denominated stablecoins by non-bank entities.  He s...
South Korea halts CBDC plans, shifting focus to bank-led stablecoins

South Korea halts CBDC plans, shifting focus to bank-led stablecoins

Local reports indicate that South Korea’s central bank has suspended its central bank digital currency (CBDC) pilot program, pivoting the nation’s ...
71% of Koreans Want to Buy More Crypto: Survey

71% of Koreans Want to Buy More Crypto: Survey

About every 1 in 4 people in South Korea, aged 20-50, working predominantly white-collar jobs, own cryptocurrency.
Bank of Korea Suspends Next Phase of Its CBDC Project

Bank of Korea Suspends Next Phase of Its CBDC Project

The Bank of Korea (BOK) has suspended its Central Bank Digital Currency (CBDC) project, with all involved entities already informed of the new deve...
CBDC on Ice: Korean Banks Pivot to Won-Backed Stablecoins

CBDC on Ice: Korean Banks Pivot to Won-Backed Stablecoins

High costs and political winds stall the digital won, while major lenders bet on regulated stablecoins for the future of payments.
President Lee Jae Myung continues to push won-backed stablecoins

President Lee Jae Myung continues to push won-backed stablecoins

South Korea’s central bank paused its central bank digital currency (CBDC) project after President Lee Jae Myung’s endorsement of private stablecoi...