South Korea’s central bank, the Bank of Korea (BOK), has voiced concerns about a potential surge in capital flight if a won stablecoin is launched without proper safeguards. Governor Lee Chang-yong raised this warning during an audit of the National Assembly’s Strategy and Finance Committee, emphasizing the importance of a phased rollout strategy for any new digital currency. [1] The BOK’s concern stems from the potential for a freely accessible won stablecoin to become an easy vehicle for individuals to move funds out of the country. This outflow of capital could destabilize South Korea’s foreign exchange markets and impact the national economy, as highlighted in Governor Lee’s comments.