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cbdc

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Financial Services Commission Vice Chairman Kim So-young, center, speaks during a press conference held on central bank digital currency project at the Bank of Korea office in central Seoul on Wednesday. [JOINT PRESS CORPS]

BOK to test digital voucher to replace paper and plastic card vouchers

Korea's central bank said Wednesday it will test the feasibility of a digital voucher based on a tokenized deposit as part of its trial to introduce a wholesale central bank digital currency (CBDC).

2024.11.6

Bank for International Settlements General Manager Agustin Carstens, right, and Bank of Korea (BOK) Gov. Rhee Chang-yong in a forum held to discuss their collaborative effort on central bank digital currency at the BOK headquarters in central Seoul on Thursday. [NEWS1]

BOK's digital currency project aligns with future monetary system, says BIS chief

Korea needs to establish a digital infrastructure and regulatory frameworks for their central bank digital currency (CBDC) projects, says BIS General Manager Agustin Carstens.

2023.11.23

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Bank of Korea officials speak in a press conference held to discuss central bank digital currency at the bank office in central Seoul on Thursday. [BOK]

BOK cools expectations around issuing digital currency

The Bank of Korea (BOK) reiterated on Thursday that it does not have specific plans to issue central bank digital currency (CBDC), a day after it announced plans to test the commercialization of the digital currency.

2023.10.5

Financial institutions band together for Korean digital currency trial

The Bank of Korea (BOK), financial regulators and the Bank for International Settlements (BIS) will cooperate in testing the commercialization of Central Bank Digital Currency (CBDC) with the goal of developing a future monetary system.

2023.10.4

Dealing in digital currency

Samsung Electronics and the Bank of Korea announced on Monday that they signed a memorandum of understanding (MOU) for collaborative research on offline CBDC (Central Bank Digital Currency) technology at Samsung's headquarters in Suwon, Gyeonggi.

2023.5.15

Oh Jung-geun, a member of the 20th Presidential Transition Committee for Balanced National Development, speaks at the Policy Framework for Blockchain and Digital Assets in Korea forum held in central Seoul on Wednesday. [GBC KOREA]

Crypto monitoring unit needed, Oh Jung-geun says at forum

The Yoon Suk-yeol government should establish a separate unit that exclusively monitors abnormal cryptocurrency trading, said Oh Jung-geun, a member of the 20th Presidential Transition Committee for Balanced National Development.

2022.4.27

Bank of Korea Gov. Rhee Chang-yong delivers his inaugural address in central Seoul on Thursday. [YONHAP]

[THINK ENGLISH] 이창용 신임 한국은행 총재, 부채 위험 경고…CBDC 중요성도 언급

Bank of Korea Gov. Rhee Chang-yong discussed debt and the need to contain it during his inaugural speech on Thursday. He also noted that monetary policy alone is not enough to guide the economy through challenges and expressed enthusiasm for a...

2022.4.27

Crypto spring may be coming as banks get into the game

The recent history of cryptocurrencies in Korea is a story of ups and downs, mania in 2017 followed by a long winter as uncertainty set in largely a function of regulatory confusion and the decline in value of bitcoin.

2022.2.3