Bank of Korea Deputy Governor Ryoo Sang-dai spoke on who will be allowed to issue digital won first. Eight of the country’s largest banks plan to form a joint venture to develop a KRW stablecoin.

The senior deputy governor of South Korea's central bank said it was desirable to introduce won-denominated stablecoins at a gradual pace, first with rigorously-regulated commercial banks.

IIIF provides researchers rich metadata and media viewing options for comparison of works across cultural heritage collections. Visit the IIIF page to learn more. Obverse Image: Geobukseon (Turtle ...

The Bank of Korea’s governor said that he won’t hinder the creation of a won-backed stablecoin, Reuters reports.

SEOUL (Reuters) -South Korea's central bank chief said currency volatility will likely continue for some time amid uncertainties in the global economy and domestic politics, the Yonhap news agency ...

The Bank of Korea (BOK) will lower its key policy rate by 25 basis points on Thursday as economic activity contracted in the last quarter and benign inflation supports the case for easing, a ...

South Korea continued to grapple with heightened political uncertainty following the botched attempt by former leader Yoon Suk Yeol to impose martial law.

South Korea’s legislature has approved extra fiscal stimulus of more than $20 billion for the new government under President Lee Jae-myung to support the sagging economy.

South Korea’s central bank cut its policy rate in a widely expected move to support the country’s sagging economy.

Tensions from U.S. President Donald Trump's tariffs are not only a headwind for South Korea but "bad for everybody," said Bank of Korea Governor Rhee Chang Yong. "I really hope this trade tension ...

South Korea's economy unexpectedly contracted in the first quarter of the year, the country's central bank said Thursday, amid political turmoil at home and global uncertainty around Trump's ...