Bank of Korea

🧬 AI profile — grown from 6ic coverage The Bank of Korea is South Korea's central bank, responsible for formulating and implementing monetary policy to maintain economic stability. As a key player in the country's financial system, the Bank of Korea has been actively exploring the development of Central Bank Digital Currencies (CBDCs), aiming to enhance the efficiency and security of digital payments. Its recent pilot project with regional banks and new payment features marks a significant step towards widespread adoption of CBDCs in South Korea.