Bloomingbit
"The Bank of Korea and financial authorities will begin the 'digital currency experiment' for the first time next month. Bank deposits can be converted into 'deposit tokens' and used at convenience stores, cafes, bookstores, and more. The Bank of Korea, Financial Services Commission, and Financial Supervisory Service announced on the 24th that they will conduct a real transaction test of digital currency and open deposit token e-wallets with Korean nationality among users of seven banks from the 1st of next month to the end of June. Transactions are made through QR codes."
CCN
"The Bank of Korea has said that Bitcoin does not meet the nation’s or the International Monetary Fund’s (IMF’s) standards and, therefore, cannot be adopted as a foreign reserve asset. According to the BoK, it’s too volatile, yet this hasn’t deterred El Salvador and now the U.S., which have officially adopted BTC into their economies."
Chosunbiz
"A real transaction test of Central Bank Digital Currency (CBDC) targeting 100,000 financial consumers is expected to be conducted as early as this month. Test participants are expected to use deposit tokens issued by commercial banks based on CBDC to purchase goods at various merchants, including convenience stores and cafes."
Bitcoin News
"South Korea’s central bank, the Bank of Korea, will soon allow participants to use digital tokens for payments at supermarkets and convenience stores in a central bank digital currency (CBDC) trial. Starting in December, 100,000 participants will be part of this test."
Korea Times
"The use of contactless payments, including credit and debit cards with contactless features and smartphones with digital wallets, has surged significantly over the past year in Korea, according to a survey released by Visa. The company attributed the rise partially to the introduction of Apple Pay in the country last year."
Cryptonews
"Samsung Electronics and the Bank of Korea have inked a partnership to research Central Bank Digital Currency (CBDC) technology that could facilitate offline transactions. On Monday, the two companies signed a memorandum of understanding at Samsung’s headquarters in the south of Seoul, according to a report by The Korea Herald. The collaboration aims to eliminate the reliance on the internet and introduce a new phase of smooth offline transactions."
PR Newswire
“GLN International (GLN), the global payment network company established by Hana Financial Group, signed MOU with KB Kookmin Bank to join the global payment network. One of the largest Korean bank which has fiercely competed in a global market, decided to cooperate with GLN to expand the network together.”