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 head of South Korea’s central bank has reportedly said he is not against the country issuing a won-based stablecoin, but is still concerned about managing the foreign exchange of the token ...

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.

The Bank of Korea (BOK) suspended its central bank digital currency project, Singaporean financial newspaper Business Times reported on Monday. The project had reached the stage of developing a ...

Eight top South Korean banks plan to launch a won-pegged stablecoin by 2026 to reduce dollar reliance and expand the country’s digital finance footprint.

The Bank of Korea plans to establish a virtual asset team whose purview includes looking at the nation's approach to Korean won-denominated stablecoins. South Korea is shaping its crypto regime ...

South Korea's central bank held its policy rate at 2.75% Thursday, as it aims to shore up its currency even as it warned growth was likely to miss its earlier forecast.

The poll showed economists reduced their 2025 growth forecast to 0.9% from 1.3% expected in April, aligning with the central bank's projection of 0.8%. Inflation was expected to average 2.0% this ...

Last month, the Bank of Korea lowered interest rates by 25 basis points to 2.50% in a unanimous decision, a week before a snap presidential election won by liberal candidate Lee Jae Myung.

The Bank of Korea reduced rates to 2.5% from 2.75%, its lowest level since August 2022, in line with expectations among economists polled by Reuters.

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 head of South Korea’s central bank has reportedly said he is not against the country issuing a won-based stablecoin, but is still concerned about managing the foreign exchange of the token ...