The Bank of Korea (BOK) released a report on payments and settlement systems. The report states that oversight of the system has been successfully carried out, preparations are being made for the future of central bank digital currencies (CBDC), and stablecoin regulation is being discussed extensively. According to reports, the BOK-Wire+ fast payment system will be upgraded to real-time gross settlement (RTGS) and has adopted the ISO 20022 standard, which is expected to be implemented in 2028. The bank will also step up oversight of "big tech" payment services and enhance its ability to deal with "IT operational risks." The report stated that the Bank of Korea continues to prepare for the possible introduction of CBDC, including investigating the use of smart contracts, near-field communication offline payments, and cross-border payments. The bank will connect 14 banks and the Korea Financial Telecommunications and Clearing Institute (KFTCI) to its simulated CBDC system in the second half of this year to verify its functionality.