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South Korean Central Bank Set to Unveil CBDC ‘Blueprint’ Next Month

The South Korean central bank, the Bank of Korea (BOK), is set to showcase a “blueprint” for its CBDC in September as the nation looks to speed up the progress of its digital KRW. As per Fn News and the Byline Network, the BOK has “successfully completed” a CBDC interoperability-focused pilot, whereby it attempted to link its own prototype digital won platform with commercial banking and e-pay apps. The BOK has been working on this key step of its CBDC development since May, and is now ready to “announce plans” for CBDC “infrastructure construction.” The BOK will reportedly make an announcement in this regard in September, and is working closely with private sector partners.


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