South Korean Central Bank to Discuss Stablecoin Issuance

According to Foresight News, the Governor of the Bank of Korea (BOK), Lee Chang-yong, is scheduled to meet with commercial bank leaders on the 23rd of this month in Seoul's Jung-gu Bank Hall. The meeting is expected to focus on the potential issuance of a stablecoin based on the Korean won. The discussion will be accompanied by Vice Governor Park Jong-woo, who is responsible for monetary policy and financial markets. Previously, the Bank of Korea has approached the issuance of a won-based stablecoin with caution due to concerns over the effectiveness of monetary policy and financial stability risks associated with the non-bank sector.