Bank of Korea: There is no need to quickly promote the issuance of CBDC
The Bank of Korea has publicly stated that they have no specific plans to issue CBDC. Kim Dong-sup, director of the Digital Currency Research Department of the Bank of Korea, said, “Issuing CBDC has various issues that need to be decided based on the situation of key countries.” Kim believes that the goal of its CBDC project is to “be technically prepared because we are not sure about it. When will it be adopted in a rapidly digitizing economy. Otherwise, it could cause major disruption.
The Bank of Korea has publicly stated that they have no specific plans to issue CBDC. Kim Dong-sup, director of the Digital Currency Research Department of the Bank of Korea, said, “Issuing CBDC has various issues that need to be decided based on the situation of key countries.” Kim believes that the goal of its CBDC project is to “be technically prepared because we are not sure about it. When will it be adopted in a rapidly digitizing economy. Otherwise, it could cause major disruption.