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South Korean Central Bank Wants to Use CBDC to Pay $79.3B Worth of Gov’t Subsidies

South Korean Central Bank Wants to Use CBDC to Pay $79.3B Worth of Gov’t Subsidies

The Governor of the South Korean Central Bank says Seoul is planning to use its Central Bank Digital Currency (CBDC) to pay over 110 trillion won (...
Bank of Korea keeps rates unchanged at 2.5%

Bank of Korea keeps rates unchanged at 2.5%

The Bank of Korea kept the rates unchanged at 2.5%.
Frustration Grows as S Korea’s Stablecoin Legislation ‘Slows to Standstill’

Frustration Grows as S Korea’s Stablecoin Legislation ‘Slows to Standstill’

Crypto advocates, IT experts, and media outlets are concerned that lawmakers’ deliberations on South Korea’s stablecoin legislation have “slowed to...
Circle Chief Tarbert Holds Stablecoin Meetings With Top South Korean Bankers

Circle Chief Tarbert Holds Stablecoin Meetings With Top South Korean Bankers

The President of the USD Coin (USDC) issuer Circle Heath Tarbert has held stablecoin-themed Meetings with some of South Korea’s top bankers. The po...
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 ...