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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...
South Korea Puts Brakes on CBDC Plans — Here’s What to Know

South Korea Puts Brakes on CBDC Plans — Here’s What to Know

South Korea has paused its CBDC pilot’s next phase as stablecoins gain fresh political and market momentum. The post South Korea Puts Brakes on CBD...
8 Korean Banks Just Made a Massive Move on Stablecoins, Here’s What’s Coming

8 Korean Banks Just Made a Massive Move on Stablecoins, Here’s What’s Coming

Eight of South Korea’s leading banks have teamed up to launch a stablecoin pegged to the Korean won, marking a bold step toward digital asset adopt...
South Korea’s biggest banks unite for won-backed stablecoin to reclaim monetary sovereignty

South Korea’s biggest banks unite for won-backed stablecoin to reclaim monetary sovereignty

South Korea’s eight largest commercial banks have joined forces to launch a Korean-won-pegged stablecoin, forming the country’s first unified finan...