11-6-2025 – Lee Chang-yong, the Governor of the Bank of Korea, will convene with top executives from commercial banks on 23 June at the prestigious Bank Hall in Seoul’s Jung-gu district. The agenda is poised to centre on the potential introduction of a stablecoin pegged to the Korean won, a move that could reshape the nation’s digital currency framework. Joining the Governor will be Vice Governor Park Jong-woo, whose expertise in monetary policy and financial markets is expected to steer the discourse.
The Bank of Korea has historically treaded carefully on the matter of a won-linked stablecoin, wary of its implications for monetary policy efficacy and the stability of the financial system, particularly in relation to non-bank entities. These concerns underscore the delicate balance the central bank seeks to maintain as it explores this innovative yet uncharted territory.
