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Bank of Korea

Bank of Korea
Markets
Cbdc
CBDCs Will Reduce Demand for Bitcoin, Says South Korea Central Bank Chief
Bank of Korea Governor Lee Ju-yeol says once central bank digital currencies (CBDC) are introduced, the demand for cryptocurrencies like bitcoin fall.
Bank of Korea
By Sandali Handagama
Mar 26, 2021 at 5:38 p.m. UTC
Mar 26, 2021
CBDCBank of KoreaKoreaGlobal Macro
Bank of Korea
Policy
South korea
Bank of Korea: CBDCs Are Fiat Currency Not Virtual Assets
Some legal changes would be needed before a potential central bank digital currency launch in South Korea, research indicates.
Bank of Korea
By Jamie Crawley
Feb 8, 2021 at 3:13 p.m. UTC
Feb 8, 2021
South KoreaBank of KoreaCBDCs
Bank of Korea
Policy
South korea
South Korea’s Central Bank Starts Technical Phase for Digital Currency Ahead of 2021 Pilot
The Bank of Korea is seeking a partner to help develop the architecture for a potential central bank digital currency.
Bank of Korea
By Daniel Palmer
Aug 31, 2020 at 1:21 p.m. UTC
Aug 31, 2020
South KoreaCentral BankingBank of KoreaCBDCs
Bank of Korea building, Seoul
Policy
Central banks
S. Korea's Central Bank Forms Legal Panel to Advise on Possible Digital Currency Launch
The Bank of Korea has set up a legal panel to advise on possible regulatory sticking points for a future CBDC issuance.
Bank of Korea building, Seoul
By Paddy Baker
Jun 15, 2020 at 12:17 p.m. UTC
Jun 15, 2020
central banksBank of KoreaLegalCBDCsKorea
Bank of Korea
Markets
Blockchain
South Korea's Central Bank Is Building a New Blockchain System for the Bond Market
The Bank of Korea is reportedly looking to build a blockchain system for the Korean bond market.
Bank of Korea
By Paddy Baker
Feb 20, 2020 at 4:00 a.m. UTC
Feb 20, 2020
BlockchainBank of KoreaBond Markets
Bank of Korea
Markets
News
Developed Countries Have Little Need for CBDCs, Says Bank of Korea Official
The Bank of Korea has again poured cold water on the idea of adopting a central bank digital currency, according to remarks made by an official of the central bank.
Bank of Korea
By Richard Meyer
Oct 31, 2019 at 8:00 a.m. UTC
Oct 31, 2019
NewsBank of Korea
Bank of Korea
Markets
South korea
Korean Central Bank Study: Issuing Digital Currency Poses Financial Risk
A Bank of Korea study concluded that a central bank digital currency could adversely affect commercial banks and ultimately financial stability.
Bank of Korea
By Yogita Khatri
Feb 7, 2019 at 12:05 p.m. UTC
Feb 7, 2019
South KoreaEconomyBankingNewsCentral BankingAsia PacificCBDCBank of Korea
default image
Markets
South korea
Bank of Korea: Central Bank Cryptocurrencies Pose 'Moral Hazard'
South Korea's central bank has announced that it does not plan to launch its own digital currency over fears it could destabilize the economy.
default image
By Daniel Palmer
Jun 18, 2018 at 4:15 p.m. UTC
Jun 18, 2018
South KoreaRegulationNewsCentral BankingAsia PacificBank of Koreacentral bank digital currency
BTC3
Markets
South korea
Survey: Younger Koreans More Likely to Invest in Crypto
Nearly a quarter of South Koreans in their 20s want to invest in cryptocurrencies, according to a new poll conducted by Bank of Korea.
BTC3
By Nikhilesh De
Mar 28, 2018 at 5:00 p.m. UTC
Mar 28, 2018
South KoreaSurveyCryptocurrencyNewsinvestmentsInvestingBank of KoreaMarkets News