Bank of Korea Governor Emphasizes CBDCs in Inaugural Address

Bank of Korea Governor Shin Hyun-song highlighted the importance of central bank digital currencies (CBDCs) in his inaugural address. According to NS3.AI, Shin emphasized the need for the central bank to prepare for a future monetary system influenced by digital financial innovation. He stated that the Bank of Korea plans to expand the use of CBDCs and deposit tokens through the second phase of Project Hangang and collaborations like the Agora Project. Notably, Shin did not mention stablecoins in his address.