Eight top South Korean banks plan to launch a won-pegged stablecoin by 2026 to reduce dollar reliance and expand the country’s digital finance footprint.

The launch of a won-pegged stablecoin is part of an effort by eight of South Koreas largest commercial banks to strengthen the domestic financial sector and reduce dependence on digital assets that ...

The Bank of Korea governor Ryoo Sangdai reportedly floated an idea for banks to be the primary issuers of stablecoins in South Korea before gradually rolling out to other sectors.

A senior official at South Korea’s central bank voiced doubt on June 24 over proposals to introduce a stablecoin backed by ...

South Korea's eight banking giants join hands to launch a won-pegged stablecoin, but the central bank advises a cautious ...

Eight commercial South Korean banks have joined to establish a won-linked stablecoin comprising two initial models.

The Bank of Korea deputy governor said the move would create a "safety net” and reduce risks as the nation advances its ...

SEOUL (Reuters) -A board member of South Korea's central bank on Wednesday expressed concern about financial stability risk ...

Persistent housing price gains, particularly in the Seoul metropolitan area, could accelerate debt accumulation in South Korea and pose risks to financial stability, threatening a financial system ...

Consumer sentiment had plunged to below 90 in December following former President Yoon Suk Yeol's imposition of martial law and remained in the 90-range before climbing above 100 in May.

South Korea’s central bank wants to keep a tight grip on how stablecoins enter the country’s financial system. On Tuesday, ...

The senior deputy governor of South Korea's central bank said it was desirable to introduce won-denominated stablecoins at a ...