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digital won

Italy, South Korea sign MOU for CBDC, payment systems and ICT
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9 December, 2023

Italy, South Korea sign MOU for CBDC, payment systems and ICT

The central banks of Italy and South Korea have signed a memorandum of understanding for a central bank digital currency...
Bank of Korea: Ethereum is insufficient as CBDC network
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11 November, 2022

Bank of Korea: Ethereum is insufficient as CBDC network

The Bank of Korea published a report revealing that its simulations of a digital won had proven Ethereum isn’t scalable...
Samsung confirms participation in Bank of Korea CBDC pilot
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12 August, 2021

Samsung confirms participation in Bank of Korea CBDC pilot

The pilot, which began at the end of July, aims to build a platform for supporting a central bank digital...
Here’s how Bank of Korea’s CBDC pilot is taking shape, as explained by blockchain exec
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6 August, 2021

Here’s how Bank of Korea’s CBDC pilot is taking shape, as explained by blockchain exec

The pilot is to take part over two stages, with the initial basic testing phase set to conclude by December...
South Korean internet companies vie for digital currency pilot
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17 July, 2021

South Korean internet companies vie for digital currency pilot

Subsidiaries of Naver and Kakao are reported to have submitted proposals to run the 10-month blockchain pilot program, which will...
South Korea to launch digital currency pilot in August
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26 May, 2021

South Korea to launch digital currency pilot in August

Bank of Korea has opened an open bidding process as it seeks to team up with a technology supplier as...
South Korea’s Shinhan Bank trials new digital currency platform
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15 March, 2021

South Korea’s Shinhan Bank trials new digital currency platform

Shinhan Bank is hoping to collaborate with the central bank with the blockchain-powered platform, in order to assist with the...
Bank of Korea: Treat CBDCs as fiat, not virtual assets
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13 February, 2021

Bank of Korea: Treat CBDCs as fiat, not virtual assets

The Bank of Korea has said central bank digital currencies are not virtual assets, but an alternative form of fiat...
South Korea central bank seeks partner to build its CBDC architecture
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3 September, 2020

South Korea central bank seeks partner to build its CBDC architecture

Bank of Korea is looking for a firm to partner with on the CBDC’s second phase which involves building the...
South Korea assembles advisory group to prepare for digital won
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16 June, 2020

South Korea assembles advisory group to prepare for digital won

The panel will decide which laws may need to be amended to guarantee a smooth launch of a South Korean...