Kim So-young, Vice Chairman of the Financial Services Commission, announced during a CBDC (Central Bank Digital Currency) usability test briefing session at the Bank of Korea that, as the first stage of the CBDC usability test, the bank plans to provide deposit-based "deposit tokens" to selected customers by the end of next year. This move is part of the CBDC usability test, which aims to explore the use of digital currencies in South Korea. The test involves the issuance of "institutional CBDC" by the Bank of Korea for inter-bank fund transfer transactions, with participating financial institutions issuing tokens linked to it. This initiative is expected to pave the way for the use of CBDCs and private digital currencies within the CBDC network in the future.