Bank of Korea — page 2

Bank of Korea prepares for live CBDC transactions with 9 banks in September

CoinDesk•Olivier Acuna20 Jul

South Korea eyes September launch for second phase of CBDC pilot: Report

The Bank of Korea’s CBDC pilot will add two regional banks, new payment features and tests of government subsidy payments using tokenized bank deposits

Cointelegraph•Cointelegraph by Yohan Yun20 Jul

South Korea hikes interest rates for first time since 2023, signals more tightening ahead

The Bank of Korea raised rates by 25 basis points to 2.75%, its first hike since 2023, with more expected. Here's what it means for crypto markets.

CryptoBriefing•Editorial Team19 Jul

Fed and Bank of Korea assess AI’s impact on inflation dynamics

AI's dual impact on inflation suggests initial economic strain, followed by stabilization, influencing global monetary policies and growth strategies.

CryptoBriefing•Editorial Team16 Jul

Inflation at 3.2% Pushes Bank of Korea Into First Hike Since 2023

The Bank of Korea raised its benchmark rate to 2.75% on Thursday, marking its first increase since January 2023 as consumer inflation climbed to a three-year high. The decision lands as South Korea’s stock market swings violently, with chipmakers SK Hynix and Samsung Electronics leading steep losses on Thursday. Inflation Forces the BOK’s Hand Governor

BeInCrypto•Kamina Bashir16 Jul

Bank of Korea raises base rate to 2.75% in first hike since 2023, with more to come

The rate hike signals a shift towards tighter monetary policy, potentially impacting economic growth, inflation control, and crypto markets.

CryptoBriefing•Editorial Team16 Jul

South Korea to test tokenized government bonds with CBDC in 2027

South Korea will test tokenized government bonds linked to the Bank of Korea’s wholesale CBDC system in 2027 as token securities rules take effect.

Cointelegraph•Cointelegraph by Ezra Reguerra14 Jul

Bank of Korea raises rates for first time in over three years on July 16

The Bank of Korea's rate hike may strengthen the won, impact export competitiveness, and influence global monetary trends and crypto markets.

CryptoBriefing•Editorial Team14 Jul

Bank of Korea defends bank-first stablecoin plan amid bill deadlock

The Bank of Korea has reaffirmed that won-denominated stablecoins should initially be issued through bank-led consortiums, reinforcing its position as South Korea’s digital asset legislation remains stalled. According to local reports from Digital Asset and EDaily, the Bank of Korea…

Crypto.news•Lawrence Mondal9 Jul

Bank of Korea stands firm on bank-led stablecoin push as deposit token pilots advance

The Bank of Korea reiterated its call for bank-led won stablecoin issuance while advancing deposit token pilots, as issuer rules remain a sticking point in South Korea’s digital asset bill.

Cointelegraph•Cointelegraph by Ezra Reguerra9 Jul

Bank of Korea signals rate hikes as inflation overshoots, and Korea’s massive crypto market should pay attention

Rising interest rates in South Korea could dampen crypto enthusiasm, as higher returns on traditional savings reduce the appeal of volatile assets.

CryptoBriefing•Editorial Team9 Jul

Bank of Korea governor outlines vision for tokenized bonds and unified ledger

The Bank of Korea's tokenized bond initiative could revolutionize sovereign debt management, influencing global financial systems and regulations.

CryptoBriefing•Editorial Team1 Jul

Bank of Korea governor outlines tokenized bond vision, unified ledger plan

The Bank of Korea’s governor praised tokenized government bonds for easing the issuance and management of government debt during a panel discussion at the ECB Forum.

Cointelegraph•Cointelegraph by Zoltan Vardai1 Jul

Bank of Korea advances CBDC deposit token initiative to test real-world usage: report

South Korea's CBDC pilot project is entering its second phase, where deposit tokens will be integrated into existing banking systems.

The Block•Danny Park22 Jun

Bank of Korea advances deposit token project toward full-scale deployment

The Bank of Korea and participating banks have discussed operating deposit tokens on a continuous basis with the goal of establishing conditions for a formal rollout, according to briefing materials submitted by the Korea Federation of Banks to the office…

Crypto.news•Rony Roy22 Jun

Bank of Korea minutes reveal debate over May rate hike as two members push for tightening

The internal debate at the Bank of Korea signals potential rate hikes, impacting economic growth, inflation, and investor strategies.

CryptoBriefing•Editorial Team16 Jun