Financial News reported that Shin Hyun-song, the new Governor of the Bank of Korea, only mentioned Central Bank Digital Currency (CBDC) at his inauguration ceremony and made no separate statements regarding stablecoins. Governor Shin stated, "In response to digital financial innovation, we must prepare one step ahead in designing future monetary systems. Through Project Han River Phase 2, we will increase the utilization of CBDCs and deposit tokens, and through international cooperation such as the Agora Project, we will enhance the status of the Korean won in the digital payment environment." Governor Shin had previously expressed his stance that emphasis should be placed on CBDCs during his prior confirmation hearing.
