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Bank of Korea Says First Phase of CBDC Test Completed Successfully

The Bank of Korea wrapped up the first phase of a central bank digital currency (CBDC) simulation project in December, according to a report...

Samsung confirms support for digital currency

The BOK began the CBDC pilot program July 28, co-managed by Ground X, a blockchain affiliate of messengerplatform giant, Kakao. "Samsung Electronics has recently decided...

South Korea’s forward-thinking digital currency pilot program

Over the last decade South Korea has moved further along a path towards digital transactions. Cash usage has fallen from 66 per cent of...

Bank of Korea Chooses Ground X as Supplier for CBDC Pilot

The Bank of Korea (BOK) has chosen its preferred supplier to build a pilot platform for its central bank digital currency (CBDC) pilot. South...

3 Firms Vie to Develop South Korea’s CBDC Pilot

Three South Korean firms will compete for the chance to develop the central bank’s digital currency (CBDC) pilot. The Bank of Korea (BOK) confirmed on...

Bank Of Korea recognizes virtual assets with clear intrinsic value

The Bank of Korea, which is negative for virtual assets such as Bitcoin, has begun to take a positive approach to some virtual assets...

Central bank seeks bids for digital currency test project

The Bank of Korea is seeking a company to participate in a 10-month test of a central bank-issued digital currency, it said Monday. Based...

Korea’s big blockchain Klaytn eyes CBDC, partners with ConsenSys

The announcement involves Klaytn developing a private blockchain for the potential digital won. But if there’s a bridge to the public blockchain, the question...

Bank of Korea Governor Says Crypto as a Payment Option is Limited

BOK Governor Not Impressed With Crypto According to a report from local news outlet KBS on Thursday (April 15, 2021), the BOK Governor seems not...

Shinhan Bank and LG CNS CBDC Platform Development Scenario

Shinhan Bank and LG CNS CBDC Platform Development Scenario Recently, the central bank, the Bank of Korea, is anticipating a pilot test of digital currency...

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